Problem 9-6 Your answer is incorrect. Try again. Skysong Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following Inventory (beginning) 81,600 Sales revenue 292,100 Sales returns $413,000 21,000 Purchases Purchase returns 27,800 Gross profit % based on net selling price 32 % Merchandise with a selling price of $29,500 remained undamaged after the fire, and damaged merchandise has a net realizable value of $8,000. The company does not carry fire insurance on its inventory. Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Inventory fire loss 43800