On august 18, a fire destroyed the

On august 18, a fire destroyed the office, lumber shed,and a considerable portion of the lumber stacked invthe yard. To file a report of loss for insurance purposes, the company must know what the inventories were immediately preceding the fire. No detail or perpetual inventory records of any kind were maintained. The only pertinent information You are able to obtain are the following facts from the general legden, which was kept in a fireproof vault and thus escaped destruction