Question: need help with my homework Problem 6 - B Gross Profit Method of Estimating Inventory On March 23, a clothing store had all of its

need help with my homework Problem 6 - B Gross Profit

need help with my homework

Problem 6 - B Gross Profit Method of Estimating Inventory On March 23, a clothing store had all of its inventory destroyed by fire. An estimate of the amount of inventory lost is needed for inventory purposes. The following information is available: Requirements: 1) Using the gross profit method, estimate the amount of inventory lost in the fire. 2) What type of companies would most likely use the gross profit method of estimated inventory

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