Question: please show calculations ABC Co. just had a fire in its warehouse that destroyed some of merchandise inventory that had been stored there. The following

please show calculations ABC Co. just had a fire in its

please show calculations

ABC Co. just had a fire in its warehouse that destroyed some of merchandise inventory that had been stored there. The following information is available for the year just ended. Required: Using the retail inventory method with the following information, calculate the estimated cost of ABC Co.'s ending inventory and the value of the destroyed inventory if they were able to salvage $100,000 worth of inventory. Cost Retail Beginning Inventory $ 150 000 $ 300 000 Net Purchases 1 860 000 3 050 000 Net Sales 2680 000

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