A physical inventory was taken on December 31, 2021. Such resulted to an ending inventory of P25,294,511. Ford Corp. suspects some inventory may have been taken by employees. To estimate the cost of missing inventory, the following were gathered:

On Dec. 31, 2021, what is the estimated cost of missing inventories?

P11,278,010 24,786,501 13,500,000 180,000 Inventory, 12.31.20 Purchases during 2021 Cash sales during 2021 Shipment received on 12.26.21, included in physical inventory, but not recorded as purchases Deposits made with suppliers, entered as purchases. Goods were not received in 2021 Collections on accounts receivable, 2021 Accounts receivable, 1.1.21 Accounts receivable 12.31.21 Gross profit percentage on sales 250,000 4,050,382 5,795,875 2,745,493 40%