RSK Company began Mary with inventory of $185,000. The business made net purchases of $610,000 and had not sales of $025,000 before a fire destroyed the company's inwentory For the past several years, RSK Company's gross margin on sales has been 31 percent Required 1. Estimate the cost of the inventory destroyed by the tro 2 Idently another reason owners and managers use the gross margin method to estimate inventory on a regular basis. ACTICE ASTERY: PARTS HD OOOO Requirement 1. Estimate the cost of the inventory destroyed by the fire ad nd th Cool valable for sale Emated cost of gode sol The C pald Adve Gending invertory Rement de nowners and managers use the gross margin method to estimatory on a regular komen we and managers and to estimate ventory cost on a regular basis is Time Remaining:01:20:38 Next