Blue Spruce Corporation's March 31 inventory was destroyed by fire. January 1 inventory was $171,000, and purchases for January through March totaled $592,800. Sales revenue for the same period was $684,000. Blue Spruce's normal gross profit percentage is 25% on sales. Using the gross profit method, estimate Blue Spruce's March 31 inventory that was destroyed by fire. Estimated ending inventory destroyed in fıre 2$

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A:

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