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provide work please Problem 9-06 Headland Company lost most of its inventory in a fire in December just before the year-end physical inventory was take
provide work please
Problem 9-06 Headland Company lost most of its inventory in a fire in December just before the year-end physical inventory was take Inventory (beginning) Purchases Purchase returns $ 80,800 288,000 28,100 Sales revenue Sales returns Gross profit % based on net selling price $416,000 21,300 36 % Merchandise with a selling price of $30,300 remained undamaged after the fire, and damaged merchandise has a net re- Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Inventory fire loss Click if you would like to Show Work for this question: Open Show Work ore the year-end physical inventory was taken. Corporate records disclose the following. $416,000 21,300 36 % ng price e fire, and damaged merchandise has a net realizable value of $8,300. The company does not carry fire Insurance on its inventory. y method.) w Work Step by Step Solution
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