Question 9 Skysong Lumber Company handles three principal lines of merchandise with these varying rates of gross profit on cost. Lumber 25% Millwork 30% Hardware and fittings 40% On August 18, a fire destroyed the office, lumber shed, and a considerable portion of the lumber stacked in the yard. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction. Lumber Millwork Hardware Inventory, Jan. 1, 2020 $249,100 $89,700 144,200 Purchases to Aug. 18, 2020 1,493,800 369,300 158,100 Sales to Aug. 18, 2020 2,085,100 514,800 200,200 Submit your estimate of the inventory amounts immediately preceding the fire. (Round ratios for computational purposes to 5 decimal places, e.g. 78.74265% and final answers to o decimal places, e.g. 28,987.) Lumber Millwork Hardware Inventory Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance you will learn while you earn naints hored on the nint intantint