Compute the cost of goods destroyed, assuming that the gross profit is 33 /3% of sales. (Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to O decimal...

Cullumber Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $ 49,400. Purchases since January 1 were $ 93,600; freight-in, $ 4,420; purchase returns and allowances, $ 3,120. Sales are made at 33¹/₃% above cost and totaled $ 156,000 to March 9. Goods costing $ 14,170 were left undamaged by the fire; remaining goods were destroyed

Extracted text: Compute the cost of goods destroyed, assuming that the gross profit is 33 /3% of sales. (Round ratios for computational purposes to 5 decimal places, e.g. 78.72345% and final answer to O decimal places, e.g. 28,987.) Cost of goods destroyed %24