Confucius Bookstores inventory is destroyed by a fire on September 5. The following data for the current

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Confucius Bookstore’s inventory is destroyed by a fire on September 5. The following data for the current year are available from the accounting records. Estimate the cost of the inventory destroyed.

Beginning inventory, Jan. 1. Jan. 1 through Sept. 5 purchases (net).. Jan. 1 through Sept. 5 sales (net)....

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