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. The following information is available for October for Barton Company. Beginning inventory $ 60,000; Net purchases 230,000; Net sales 340,000; Percentage markup on cost
". The following information is available for October for Barton Company. Beginning inventory $ 60,000; Net purchases 230,000; Net sales 340,000; Percentage markup on cost A fire destroyed Barton's October 31 inventory, leaving undamaged inventory with a cost of $5,000. 50 %; Using the gross profit method, ,what is the estimated ending inventory destroyed by fire ? (show calculations here)
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