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On July 8, a Fire Destroyed the Entire Merchandise Inventory

question 142

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On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available: On July 8, a fire destroyed the entire merchandise inventory on hand of Larrenaga Wholesale Corporation. The following information is available:   What is the estimated inventory on July 8 immediately prior to the fire? A)  $192,000. B)  $490,000. C)  $510,000. D)  $280,000. What is the estimated inventory on July 8 immediately prior to the fire?

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