Dart Company's accounting records indicated the following information: A physical inventory taken on at year end resulted in an ending inventory of $575,000. Dart's gross profit on sales has remained constant at 25 % in recent years. Dart suspects some inventory may have been taken by a new employee. At the balance sheet date, what is the estimated cost of missing inventory? $25,000 $100,000 $175,000 $225,000 With regard to the retail inventory method, which of the following is the most accounts statement? Generally, accountants ignore net markups and net markdowns in computing the cost-price percentage. Generally, accountants include both net markups and net markdowns in computing the cost-price percentage. This method results in a lower ending inventory cost if net markups are included but net markdowns are excluded in computing the cost-price percentage. It is not adaptable to LIFO costing. The accounting records of Seraphina Co. contain the following amounts on November 30, the end of its fiscal year: Seraphina's ending inventory as of November 30, computed by the conventional retail method, is $80,000 $60,000 $54, 400 $48,000 The conventional retail inventory method does not Include net markups in the cost-retail ratio. Record markups at retail. Include net markdowns in the cost-retail ratio. Record markdowns at retail