Answer:
$22,560
Step-by-step explanation:
The computation of the inventory lost is shown below:
To beginning inventory $21,500 By net sales($55,000 - $1,100) $53.900
To net purchases
($33,500 - $1,600) $31,900 By merchandise lost(balance) $22,560
To freight $1,500
To gross profit
($53,900 × 40%) $21,560
Total $76,420 Total $76,420