An inventory taken the morning after a large theft (March 12) discloses $27,500 of goods on hand. The following additional data is available from the books: Inventory on hand, March 1 Purchases received, March 1-11 Sales (goods delivered to customers) 42,000 36000 67500 Past records indicate that sales are made at 50% above cost of Goods Sold (1.5 TIME MORE) Required Calculate the estimated inventory of goods on hand at the close of business What may be the reason for the difference in actual vs estimated