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Question 25 On April 15 of the current year, a fire destroyed the entire uninsured Inventory of a retail store. The following data are available:

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Question 25 On April 15 of the current year, a fire destroyed the entire uninsured Inventory of a retail store. The following data are available: Sales, January 1 through April 15 $300.000 Inventory, January 1 50,000 Purchases, January 1 through April 15 250,000 Markup as a % of selling price 25 percent The amount of the inventory loss is estimated to be O A 560,000 OB. $50,000 OC. $75,000 D.530,000

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