Current Attempt in Progress

Sunland Corp had $$940,000$ of inventory at December $31,2024,$ with purchases of $$282,000$ and sales of $$658,000$ in $2025.$ Sunland

Corp lost all but $$94,000$ of inventories due to a hurricane in $2025.$ Using the gross profit method, calculate ending inventory

independently using the following assumptions:

Sunland's gross margin was $30\%$

$

Sunland mark up on cost was $20\%$

$

Sunland's cost of sales percentage was $60\%$

$