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Question 2 of 2 1 Points At the end of November, XYZ Ltd, lost its inventory due to fire. Purchases and sales during the month
Question 2 of 2 1 Points At the end of November, XYZ Ltd, lost its inventory due to fire. Purchases and sales during the month were $119572 and $235062. XYZ Ltd., is fully insured for the fire losses but must prepare a report for the insurance company. The cost of inventory as of October 31 was 35473 and Company's gross profit ratio was 59.3% Calculate the estimated cost of inventory lost in the fire
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