Business, 10.10.2019 03:00 Hahdhbd

On march 15, a fire destroyed interlock company's entire retail inventory. the inventory on hand as of january 1 totaled $4,950,000. from january 1 through the time of the fire, the company made purchases of $2,049,000, incurred freight-in of $234,000, and had sales of $3,630,000. assuming the rate of gross profit to selling price is 30%, what is the approximate value of the inventory that was destroyed? a. $6,144,000.b. $4,458,000.c. $4,692,000.d. $7,233,000.

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On march 15, a fire destroyed interlock company's entire retail inventory. the inventory on hand as...

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