QUESTION 1 A points Question 14 Marks) ABC Inc. requires an estimate of the cost of goods lost by fire on June 30. Beginning Inventory on January I was $38.000. Purchases since January I were 595.000; freielit. in. $5,000, purchase returns and allowances, $2,100 Sales are made at 25% above cost and totaled S120,000 to June 30. Goods costing $10.900 were left damaged by the fire: remaining goods were destroyed. Instructions: Compute the cost of goods destroyed by the fire. For the toolbar, press ALT+F10 (PC) or ALT+EN+F10 (Mac), Paragraph Arial 10pt E E A I * Gas V SS X2 X2 Tic - + FDE * EUR * 6) o @ O WORDS POWERED 6 points JESTION 2 Save Al Answers e and Submit to save and submit. Click Save All Answers to save all answers