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Problem 9-6 X Your answer is incorrect. Try again Blue Company lost most of its inventory in a fire in December just before the year-end physical inventory was taken. Corporate records disclose the following Inventory (beginning) 81,600 Sales revenue $410,400 Purchases 287,000 Sales returns 20,700 33 Purchase returns 27,800 Gross profit based on net selling price Merchandise with a selling price of $29,700 remained undamaged after the fire, and damaged merchandise has a net realizable value of $8,100. The company does not carry fire insurance on its inventory. Compute the amount of inventory fire loss. (Do not use the retail inventory method.) Inventory fire loss click if you would like to show work for this question Open Show Work

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