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obl Jeano Corporation's Juarez, Mexico plant and warehouse were destroyed in a fire. Fortunately, the accounting records were kept at the corporate offices in El Paso. The insurance adjuster wants to know the approximate value of the inventory loss. The following information was available: Beginning inventory, January 1, 2018 Purchases for the year before the fire Sales revenue for the year before the fire $150,000 80,000 200,000 The normal gross profit margin ratio for this plant is 35%. Compute the estimated value of the inventory loss. Show your work