On 1 September 2006, a business had inventory of $380,000. During the month, sales totalled $650,000 and
purchases $480,000. On 30 September 2006 a fire destroyed some of the inventory. The undamaged goods in
inventory were valued at $220,000. The business operates with a standard gross profit margin of 30%.
Based on this information, what is the cost of the inventory destroyed in the fire?
A $185,000
B $140,000
C $405,000
D $360,000 A | 
发表于 2008-4-23 20:30
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