On$.$April $15,2026,$ fire damased the office and warshouse of Culwer Corporation. The only accounting record azved was the general

ledger, from which the balance shest data below was prepared.

The following data and information have basn gathared.

The fiscal year of the corporation ends on December $31.$

An ecamination of the April banik statament and canceled chacks revealad that checks written during the pariod April $1-15$

totaled $$11,190$: $$4,902$ paid to accounts payable as of March $31,$$$2,924$ for April marchandise shipments, and $$3,354$ paid

for other expenses. Deposits during the same period amounted to $$11,137,$ which consistad of receipts on account from

customars with the ecception of a $$817$ refund from a vendar for merchandise returned in $$ pril.

Correspondance with supplisrs revealad unrecorded oblizations at$,$ April $15$ of $$13,416$ for April marchandise shipments,

including $$1,979$ for shipments in transit $[$fo$.$b$.$ shipging point$)$ on that date.

Customers acknowladnad indabtedness of $$39,560$ at$.$April $15,2026.$ It was also estimated that customars owad another

$$6,890$ that will nevar be acknowladzad or recovered Of the acknowladged indabtednas, $$516$ will probably be

uncollectible.

The companies insuring the inventory agresd that the corporation's firs$-$loss claim should be based on the assumption that

the overall gross profit rats for the past $2$ years was in effect during the current year. The corporation's audited financial

statements disclosed this information:

Imentory with a cost of $$6,020$ was salvased and sold for $$3,010.$ The balance of the inventerywas a total loss.

Compute the amount of irwentory firs loss.