Question: Question 3 (1 point) Saved Howard's Supply Co. suffered a fire loss on April 20. 2018. The company's last physical inventory was taken January 30,

Question 3 (1 point) Saved Howard's Supply Co. suffered a fire

Question 3 (1 point) Saved Howard's Supply Co. suffered a fire loss on April 20. 2018. The company's last physical inventory was taken January 30, 2018 at which time the inventory totaled $220,000. Sales from January 30 to April 20 were $600,000 and purchases during that time were $450,000. Howard's consistently reports a 30% gross profit. The estimated inventory loss is

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