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you are called by tim duncan of sunland co on july 1 6 and asked to prepare a claim for insurance as a result of
you are called by tim duncan of sunland co on july 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. incentory july purchases sales rev sales return your client reports tht the goods on hand on july cost but you determine that this figure includes goods of received on a consignment basis. your past recoprds show that sales are made at approximately over cost. duncans insurance covers only goods owned. compute the claim against the insurance company
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