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Sunland requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $71,000. Purchases since

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Sunland requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $71,000. Purchases since January 1 were $131,000; freight-in, $7,400; purchase returns and allowances, $4,500. Sales are made at 25% above cost and totaled $215,000 to March 9. Goods costing $22,300 were left undamaged by the fire; remaining goods were destroyed. (a) Compute the cost of goods destroyed. Cost of goods destroyed $ eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above

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