On August 18 a fire destroyed the office lumber shed and aconsiderable portion o

On August 18 a fire destroyed the office lumber shed and aconsiderable portion of the lumber stacked in the yard. To file areport of loss for insurance purposes the company must know whatthe inventories were immediately preceding the fire. No detail orperpetual inventory records of any kind were maintained. The onlypertinent information you are able to obtain are the followingfacts from the general ledger which was kept in a fireproof vaultand thus escaped destruction.