Solve the equation

The inventory of Oriole Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $51,500, Sales Returns and Allowances $1,500, Purchases $33,000, Freight-In $1,500, and Purchase Returns and Allowances $1,600. Determine the merchandise lost by fire, assuming: Your answer is incorrect. A beginning inventory of $20,000 and a gross profit rate of 45% on net sales. Estimated cost of merchandise lost $ e Textbook and Media X Your answer is incorrect. A beginning inventory of $36,500 and a gross profit rate of 30% on net sales. Estimated cost of merchandise lost $ e Textbook and Media