An earthquake caused heavy damage to the Sellwood Antique Store on May 3, 20X8. All merchandise was.
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An earthquake caused heavy damage to the Sellwood Antique Store on May 3, 20X8. All merchandise was destroyed. Some accounting data are missing. In conjunction with an insurance investigation, you have been asked to estimate the cost of the inventory destroyed. The following data for 20X8 (recorded before the earthquake) areavailable: