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Starter 6-15 (similar to) Question Help & Afire wiped out Pullman Paper Company's Inventory. The insurance company wil accept an estimate using the retal method.

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Starter 6-15 (similar to) Question Help & Afire wiped out Pullman Paper Company's Inventory. The insurance company wil accept an estimate using the retal method. Last year's balance sheet stated that the ending Inventory was $11,000 and I would usually sell for $42.000. Mr. Pichai knows that the cost of purchases was $130 000 and the total seling prices for the paper totaled $207.000. Credit card receipts indicate that there was $238.000 of sales since the beginning of the year. Calculate the cost of the lost ending inventory for the insurance company (Round the retail ratio to two decimal places and the final answer to the nearest dollar) The lost ending inventory is

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