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Carla Vista Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1750000 Purchases during 2020 8500000 Sales during 2020 10850000 A physical inventory taken
Carla Vista Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1750000 Purchases during 2020 8500000 Sales during 2020 10850000 A physical inventory taken on December 31, 2020, resulted in an ending inventory of $2050000. Carla Vista's gross profit on sales has remained constant at 26% in recent years. Carla Vista suspects some inventory may have been taken by a new employee. At December 31, 2020, what is the estimated cost of missing inventory? $771000. $171000. $429000. $600000.
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