Question: Please help with the below question Bramble Company lost all of its inventory in a re on December 26, 2022. The accounting records showed the
Please help with the below question



Bramble Company lost all of its inventory in a re on December 26, 2022. The accounting records showed the following inventory- related data for November and December. December November {to 12:26] Net sales $575,625 $680,000 Beginning inventory 31,000 37,000 Purchases 388,000 428,000 Purchase returns and allowances 13,700 14,?00 Purchase discounts 8,500 9,500 Freightin 8,600 9,900 Ending inventory 3?,000 ? Bramble is fully insured for re losses but must prepare a report for the insurance company. \fUsing the gross prot rate for November, determine the estimated cost ofthe inventory lost in the re. Estimated inventory lost in re $
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