for 14 ,15

Inventory, 1/1/2020 $620,000 Purchases during 2020 $1,200,000 Freight-in $90,000 Sales during 2020 $1,350,000 A physical inventory taken on December 31, 2020 found an ending inventory of $415,000. Bargain's gross profit is 30% of sales. Bargain suspects some inventory may have been lost. What is the estimated cost of missing inventory? a. $550,000 b. $460,000 c. $145,000 d. $55,000 15. Darren Company, a manufacturer of chocolate candies, contracted in July 2020 to purchase 400 pounds of cocoa beans at $4.00 per pound, delivery to be made in spring of 2021. By 12/31/20, the price per pound of cocoa beans had risen to $4.50 per pound. In 2020, Darren should recognize a. a gain of $200 b. a loss of $1,600 c. a loss of $200 d. no gain or loss 14. Bargain Shop's accounting records indicated the following information