Question: Save Ans Question 37 2.5 points On August 31, a hurricane destroyed a retail location of Vinny's Clothier including the entire inventory on hand at

Save Ans Question 37 2.5 points On August 31, a hurricane destroyed a retail location of Vinny's Clothier including the entire inventory on hand at the location. The inventory (beginning) on hand as of June 30 totaled $320,000. From June 30 until the time of the hurricane, the company made purchases of $85,000 and had sales of $250,000. Assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed? A. $330,000. B. $230,000. C. $75,000. D. $405,000

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