The Jamison Company's inventory was destroyed on July 4, 2016, when its warehouse caught on fire early in the morning. Inventory was totally destroyed. The accounting records, which were located in a fireproof vault, contained the following information:
Using the gross profit method, what is the estimated cost of the inventory that was destroyed by the fire?

Question

The Jamison Company's inventory was destroyed on July 4, 2016, when its warehouse caught on fire early in the morning. Inventory was totally destroyed. The accounting records, which were located in a fireproof vault, contained the following information: 
 Using the gross profit method, what is the estimated cost of the inventory that was destroyed by the fire?

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The Answer of The Jamison Company's inventory was destroyed on July 4, 2016, when its warehouse caught on fire early in the morning. Inventory was totally destroyed. The accounting records, which were located in a fireproof vault, contained the following information: 
 Using the gross profit method, what is the estimated cost of the inventory that was destroyed by the fire?

The Jamison Company's Inventory Was Destroyed on July 4, 2016