Golden Trails Company handles three principal lines of merchandise with these varying rates of gross profit on cost.

Furniture ...........25%

Beds .................30%

Rugs ................50%

On September 9, a fire destroyed the office and the warehouse. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information you are able to obtain are the following facts from the general ledger, which was kept in a fireproof vault and thus escaped destruction.

Instructions
Submit your estimate of the inventory amounts immediately preceding thefire.

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bmanton Ja 1,2040310:0821.00 Furniture $ 76,000 861,000 608,000 Beds $105,000 601,000 700,000 Rugs $211,000 302,000 656,000 Purchases to Sep. 9, 2014 Sales to Sep. 9, 2014