On August 31, a hurricane destroyed a retail location of Sunland's Clothier including the entire inventory on hand at the location. The inventory on hand as of June 30 totaled $1890000. Since June 30 until the time of the hurricane, the company made purchases of $492000 and had sales of $1476000. Assuming the rate of gross profit to selling price is 25%, what is the approximate value of the inventory that was destroyed?

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622