Windsor Company lost most of its inventory in a fire in December just before the year$-$end physical inventory was taken. Corporate

records disclose the following.

Merchandise with a selling price of $$30,200$ remained undamaged after the fire, and damaged merchandise halue

of $$8,200.$ The company does not carry fire insurance on its inventory.

Compute the fire loss incurred. $($Do not use the retail inventory method.$)$

Inventory fire loss $