Business, 16.04.2020 20:15 memorybuxton

On August 14, a fire destroyed the entire inventory on hand of Arun Corp. The following information is available: Sales, January 1 through August 14 $ 684,000 Inventory, August 14 138,000 Purchases, January 1 through August 14 647,000 Gross profit ratio 26 % What is the estimated inventory on August 14 immediately prior to the fire?

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On August 14, a fire destroyed the entire inventory on hand of Arun Corp. The following information...

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