On november 21 2013 a fire at hodge companyrsquos warehouse, Financial Accounting

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On november 21 2013 a fire at hodge companyrsquos warehouse

On November 21, 2013, a fire at Hodge Company’s warehouse caused severe damage to its entire inventory of Product Tex. Hodge estimates that all usable damaged goods can be sold for $18,000. The following information was available from the records of Hodge’s periodic inventory system:

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Financial Accounting: On november 21 2013 a fire at hodge companyrsquos warehouse

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Financial Accounting: On november 21 2013 a fire at hodge companyrsquos warehouse

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