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Haz's warehouse was destroyed by fire on July 15. The only records that could be salvaged were as follows.
Inventory July 1 $ 2,700
Purchases July 1 - 14 8,000
Sales July 1 - 14 9,000
Haz's average gross profit was 30%
Required:
Find the estimated cost of the July 15 inventory that was destroyed.
[ Select ] ["$6,300", "$2,700", "$3,000", "$4,400", "$4,000", "$8,000", "$10,700", "$6,300"]
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