Tidewater Co. is a large retail furniture company that operates in two adjacent warehouses. One warehouse is a showroom, and the other is used to store merchandise. On the night of February 20, 20x5, a fire broke out in the storage warehouse and destroyed the merchandise stored there. Fortunately, the fire did not reach the showroom, so all the merchandise on display was saved. Although the company maintained a perpetual inventory system, its records were rather haphazard, and the last reliable physical inventory had been taken on December 31, 20 times 4. In addition, there was no control of the flow of goods between the showroom and the warehouse. Thus, it was impossible to tell which goods should have been in either place. As a result, the insurance company required an independent estimate of the amount of loss. The insurance company examiners were satisfied when they received the following information: Prepare a schedule that estimates the amount of inventory (at cost) lost in the fire