Problem #19 Determining Ending Merchandise Inventory On Feb. 18, 2018, a fire destroyed the merchandise inventory of Cristina Santiago Shirts The following information was available from the entity's accounting office: 1 1 1 Cost of Goods Sold Transportation in Merchandise Inventory, 1/1/2018 Purchases Discounts Purchases Returns and Allowances Purchases P1,260,000 39,600 300,000 26,400 46,200 1,320,000 Required: Compute the value of the lost merchandise