ts) A tornado recently destroyed all but $1,305,000 of Orr Corp.'s inventory. Beginning inventory for the period was $2,175,000 and another $5,720,000 was purchased during the year. How much inventory was destroyed, assuming that they had a cost markup of 40% and sales of $9,152,000? Please round your calculations to 2 decimal places! O $92,080 O $562,755 O $1,397,080 O $2,403,800
ts) A tornado recently destroyed all but $1,305,000 of Orr Corp.'s inventory. Beginning inventory for the period was $2,175,000 and another $5,720,000 was purchased during the year. How much inventory was destroyed, assuming that they had a cost markup of 40% and sales of $9,152,000? Please round your calculations to 2 decimal places! O $92,080 O $562,755 O $1,397,080 O $2,403,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![ts) A tornado recently destroyed all but $1,305,000 of Orr Corp.'s inventory. Beginning inventory for
the period was $2,175,000 and another $5,720,000 was purchased during the year. How much inventory
was destroyed, assuming that they had a cost markup of 40% and sales of $9,152,000? Please round your
calculations to 2 decimal places!
O $92,080
O $562,755
O $1,397,080
O $2,403,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd04645ef-6cf6-4d1b-a92f-7bdee3700327%2Fd6fec218-9f9a-421c-9b85-58eac7e13505%2F083mvli_processed.jpeg&w=3840&q=75)
Transcribed Image Text:ts) A tornado recently destroyed all but $1,305,000 of Orr Corp.'s inventory. Beginning inventory for
the period was $2,175,000 and another $5,720,000 was purchased during the year. How much inventory
was destroyed, assuming that they had a cost markup of 40% and sales of $9,152,000? Please round your
calculations to 2 decimal places!
O $92,080
O $562,755
O $1,397,080
O $2,403,800
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