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please help Current Attempt in Progress Headland Company lost most of its inventory in a fire in December just before the year-end physical inventory was

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Current Attempt in Progress Headland Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following Inventory (beginning) Purchases Purchase returns $ 80,900 286,500 28,200 Sales revenue Sales returns Gross profit % based on net selling price $415,300 20,700 34 % Merchandise with a selling price of $30.300 remained undamaged after the fire and damaged merchandise has a net realizable value of $7,300. The company does not carry fire insurance on its inventory. Compute the amount of inventory fire loss. (Do not use the retail inventory method) Inventory fire loss $ I 1

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