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Anderson Company suspects that an employee may be stealing inventory to give as holiday gifts to friends and relatives. Net Sales Beginning Inventory Net
Anderson Company suspects that an employee may be stealing inventory to give as holiday gifts to friends and relatives. Net Sales Beginning Inventory Net Purchases Gross Profit Percentage Actual Cost of the Ending Inventory $240,000 $50,400 $148,800 32% $28,810 Use the gross profit method of inventory estimation to compute the estimated cost of the missing inventory. Estimated cost of the missing inventory: $ 0 ?
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