Estimation of Fire Loss
On September 28, 2013, a fire destroyed the entire merchandise inventory of Carroll Corporation. The following information is available:
Required:
What is the estimated inventory on September 28, 2013, immediately prior to the fire?
I have 150,000 as beginning inventory405,000 Purchases on Hand555,000 Cost of goods avail for salebut cannot find Less: Cost of goods sold andInventory on hand