A fire destroyed all ABC$$s merchandise inventory on October $1.$

On January $1$ the balance in inventory was: $3557.$

From January $1-$October $1$

sales were $17785$

purchases were $16006\mathrm{.}5$

the mark up on cost was $32\%$

The gross profit margin is $($as $\%,$ e$.$g$.34\mathrm{.}23\%$ would entered as $34\mathrm{.}23)$: Answer $1$ Question $1$

Estimated COGS of inventory sold: Answer $2$ Question $1$

Estimated inventory destroyed: Answer $3$ Question $1$

Answer rating: 100% (QA)

Inventory Analysis for ABC Company Heres the breakdown of your inventory analysis Answer 1 Gross Pro... View the full answer