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Estimating Inventory Loss Using Gross Profit Method Dart Company's accounting records reveal the following. A physical inventory taken on December 31 shows an ending inventory

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Estimating Inventory Loss Using Gross Profit Method Dart Company's accounting records reveal the following. A physical inventory taken on December 31 shows an ending inventory of $460,000. Dart's gross profit on sales has remained constant at 25% in recent years. Dart suspects some inventory theft by a new employee. Required At December 31, compute an estimate of the cost of missing inventory. - Note: Do not use negative signs with your answers

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