The following information is available for October for Norton Company. 
A fire destroyed Norton's October 31 inventory, leaving undamaged inventory with a cost of $6,000.Using the gross profit method, the estimated ending inventory destroyed by fire is
Definitions:
Output Measure
Metrics or indicators used to assess the quantity or quality of products or services produced by an individual, team, or organization.
Departments
Distinct units within an organization, each focused on a specific area of function, like marketing or finance.
Work Units
Groups or teams within an organization designated to perform specific tasks or functions.
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