there are two differnt questions. look at the numberd above!!

0.5/1 III Question 20 of 25 The inventory of Sheridan Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $51,000, Sales Returns and Allowances $1,000, Purchases $37,000, Freight-In $1.200, and Purchase Returns and Allowances $1.400. Determine the merchandise lost by fire, assuming (a) (b) X Your answer is incorrect A beginning inventory of $32,000 and a gross profit rate of 45% on net sales Estimated cost of merchandise lost $ 22000 Question 25 of 25 ( 0.3 Sunland Books uses the retail inventory method to estimate its monthly ending inventories. The following information is a two of its departments at October 31, 2022. Hardcovers Paperbacks Cost Retall Cost Retall Beginning inventory $414,000 $640,000 $267,000 $360,000 2,280,200 3,300,000 1,216,100 1,535,000 Purchases Freight-in 29,000 15,000 Purchase discounts 44,000 20,000 Net sales 3,300,000 1,570,000 At December 31, Sunland Books takes a physical inventory at retail. The actual retail values of the inventories in each depart Hardcovers $744,000 and Paperbacks $335,000. (a2) * Your answer is incorrect. Determine the estimated cost of the ending inventory for each department at October 31, 2022, using the retail invento method. (Round answers to decimal place, eg. 25,120.) Hardcovers Paperbacks 2679200 The estimated cost of the ending inventory