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Sheridan Legler requires an estimate of the cost of goods lost by fire on March 9 . Merchandise on hand on January 1 was $

Sheridan Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $34,960.
Purchases since January 1 were $66,240; freight-in, $3,128; purchase returns and allowances, $2,208. Sales are made at 3313%
above cost and totaled $102,000 to March 9. Goods costing $10,028 were left undamaged by the fire; remaining goods were
destroyed.
(a)
Your answer is incorrect.
Compute the cost of goods destroyed. (Round gross profit percentage and final answer to 0 decimal places, e.g.15% or 125.)
Cost of goods destroyed
$
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