Business
Business, 17.12.2021 05:20, marelinatalia2000

Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory was taken January 30, 2021, at which time the inventory totaled $225,000. Sales from January 30 to April 20 were $605,000 and purchases during that time were $455,000. Howard's consistently reports a 25% gross profit. The estimated inventory loss is:

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Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory wa...

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