. Cullumber Legler requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $41,040. Purchases since January 1 were $77,760; freight-in, $3,672; purchase returns and allowances, $2,592. Sales are made at 33 1/3% above cost and totaled $123,000 to March 9. Goods costing $11,772 were left undamaged by the fire; remaining goods were destroyed. a) Compute the cost of goods destroyed. b) Compute the cost of goods destroyed assuming that the gross profit is 33 1/3% of sales.