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Skysong Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $141.700, and purchases for January through April totaled $549,800. Sales revenue for

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Skysong Corporation's April 30 inventory was destroyed by fire. January 1 inventory was $141.700, and purchases for January through April totaled $549,800. Sales revenue for the same period was $726,000. Skysong's normal gross profit percentage is 35% on sales Using the gross proft method estimate Skysong's April 30 inventory that was destroyed by fire Estimated ending inventory destroyed in fire $

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