ifrs system

(10 marks) Question two: During.. December 2020 a fire damaged the South Africa co. stores, the following information is available from books: 885,000 Purchases 35,000 Purchased discount 350,000 Beginning inventory Fright in 25,000 Sales 1,650,000 Sales discount 45,000 Freight out 14,000 Account receivables 700,000 Purchases returns 15,000 Undamaged inventory 28,000 Sales return 85,000 Consigned goods 20,000 The company has the following information for the previous years 2017 2018 2019 sales 800000 1150000 cost of goods 1250000 sold 600000 740000 900000 Required: calculated the company losses from fire