You are called by Tim Duncan of Culver Co. on July 16 and asked to prepare a claim for insurance as a result of a theft that took place the night before. You suggest that an inventory be taken immediately. The following data are available.

Inventory, July 1	$37,300
Purchasesgoods placed in stock July 115	85,300
Sales revenuegoods delivered to customers (gross)	120,900
Sales returnsgoods returned to stock	4,400

Your client reports that the goods on hand on July 16 cost $33,600, but you determine that this figure includes goods of $5,700received on a consignment basis. Your past records show that sales are made at approximately 30% over cost. Duncans insurance covers only goods owned.

Compute the claim against the insurance company.(Round ratios for computational purposes to 2 decimal places, e.g. 78.73% and final answer to 0 decimal places, e.g. 28,987.)