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Your client reports that the goods on hand on March 9 cost $22,600, but you determine that this figure includes goods of $7,400 received on
Your client reports that the goods on hand on March 9 cost $22,600, but you determine that this figure includes goods of $7,400 received on a consignment basis. Your past records show that sales are made at approximately 21% over cost. Wildhorse's 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 O decimal places, e.g. 28,987.) Claim against the insurance company
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