Multiple Choice
Blarney Ltd.had a fire at its warehouse and was trying to determine the cost of the inventory lost.For the year to date sales had been $525,000, opening inventory was $25,000, purchases to date were $198,000, the cost-to-sales ratio is normally 60%.Inventory not damaged in the fire was $18,000.What was the cost of the inventory damaged in the fire?
A) $110,000
B) $124,000
C) $160,000
D) $74,000
Correct Answer:
Verified
Correct Answer:
Verified
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Q5: Use the following information for questions:<br>A
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Q12: Use the following information for questions:<br>A
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