試題詳解

18. The SS Company's inventory was partially destroyed on July 4, 2014, when its warehouse caught on fire early in the morning. Inventory that had a cost of $8,000 was saved.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 destroyed by the fire?
(A) $24,500
(B) $37,000
(C) $17,000
(D) $29,500