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Business, 16.04.2020 17:04 datboi995

On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available:

Sales, January 1 through April 15 $636000
Inventory, January 1 112000
Purchases, January 1 through April 15 530000
Markup on cost 20%

The amount of the inventory loss is estimated to be:

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