Question 4 of 6 - /1 E View Policies Current Attempt in Progress The inventory of Swifty Corporation was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $54,000, Sales Returns and Allowances $1,200, Purchases $41,000, Freight-In $1,300, and Purchase Returns and Allowances $1,700. Determine the merchandise lost by fire, assuming: (a) A beginning inventory of $23,000 and a gross profit rate of 45% on net sales. Estimated cost of merchandise lost $