On the eve of June 15, 2020, a fire destroyed the entire merchandise inventory of Chronic Merchandising Corporation. The merchandise was not insured with any nsurance company. The following data were gathered: Inventory, January 1 250,000 Purchases, January 1 to June 15 |1,500,000 Sales, January 1 to June 15 2,000,000 Markup percentage on cost 5% QUESTION 18: What is the approximate inventory loss as a result of the fire? Group of answer choicesp soo,poop 250,000P 312 500P 150,000The Savior Company uses the lower of cost or net realizable value inventory. Data regarding the items in work in process inventory are presented below: - Selling price 3E, 21,8 Estimated cost to complete Normal prot margin as a 96 of selling pn'ce QUESTION 15: 1What is the amount of markers inventory to he reported in Savior's statement of financial position? Group of answer choicespmmp moan sump 2mm During January 2020, Metro Company which maintains a perpetual inventory system recorded the following information pertaining to its inventory: Date Transactions Units Unit Cost Total Cost Units on Hand January 01 |Inventory balance 1,000 40 40,000 1,000 04 Purchases 600 120 72,000 1,600 20 Sales 900 700 25 Purchases 400 200 80,000 1,100 QUESTION 15: Under the moving average method, what amount should Metro report as inventory at January 31, 2020? Group of answer choicesp 156,000P 132 000P 105,600P 129,000