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The following data and information hawe been gathered. The fiscal year of the corporation ends on December 3 1 . same period amounted to $
The following data and information hawe been gathered.
The fiscal year of the corporation ends on December
same period amounted to $ which consisted of receipts on account from customers with the exception of a $ refund from a vendor for merchandise returned in April.
Correspondence with suppliers revealed unrecorded obligations at April of $ for April merchandise shipments, including $ for shipments in trarsit fab stipping point on that date
Inventory with a cost of $ was salvaged and sold for $ The balance of the inventory was a total loss.
Compute the amount of imentary fire lose
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