Cunningham Company's records indicate the following information for the year:

Merchandise inventory, 1/1 $ 150,000

Purchases 850,000

Net sales 1,200,000

On December 31, a physical inventory determined that ending inventory of $200,000 was in the warehouse. Cunningham's gross profit on sales has remained constant at 40%. Cunningham suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory?