Pharoah Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $ 43,320. Purchases since January 1 were $ 82,080; freight-in, $ 3,876; purchase returns and allowances, $ 2,736. Sales are made at 33 ¹/₃% above cost and totaled $ 132,000 to March 9. Goods costing $ 12,426 were left undamaged by the fire; remaining goods were destroyed.

Cost of goods destroyed?