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The inventory of Conoord Corporation was destroyed by re on March 1. From an examination of the aocounting records, the following data for the rst 2 months of the year are obtained: Sales Revenue $51,000. Sales Returns and Allowances $ 1.300. Purchases $33,500. FreightIn $1.200. and Purchase Returns and Allowances $1.300. Determine the merchandise lost by re, assuming: A beginning inventory of $20.500 and a gross prot rate of 45% on net sales. Estimated cost of merchandise lost $ eTextbook and Media A beginning inventory of $35.500 and a gross prot rate of 30% on net sales. Estimated cost of merchandise lost $