Transcribed image text: 0 RS Company began April the invesy of 232.000 The business made wit purchases of 5610,000 and ads .000 belona foyed the convey for the past. Ce go margin on sales has been 37 percent Required 1. Es the cost of the wentary destroyed by the fire 2. Identity another reason owners and managers as the gross maris method to estimate mentry on a regular basis Requirement. Estimate the cost of the inventory destroyed by the Cost of goods available for sale Estimated cost of good old Les Estimated ending into 10,000 and Neo 935.000 borded the comm'y For the past In s parte Required 1. Estimate the cost of the inventory destroyed by the 2. Identify another reason owners and the gross the words Cost of goods available for Estimated cost of goods sold La Eind ending inventory Requirement 2. Idently another reason owners and manages use the gros mag method to estimate inventory on regular basis Another reason owers and managers so the gross margin method to estimate inventory cost on a regular basis