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Oriole Company's accounting records indicated the following information: Inventory, 1/1/20 Purchases during 2020 $1830000 9300000 11730000 Sales during 2020 A physical inventory taken on December

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Oriole Company's accounting records indicated the following information: Inventory, 1/1/20 Purchases during 2020 $1830000 9300000 11730000 Sales during 2020 A physical inventory taken on December 31, 2020, resulted in an ending inventory of $2130000. Oriole's gross profit on sales has remained constant at 25% in recent years. Oriale suspects some inventory may have been taken by a new employee. At December 31, 2020, what is the estimated cost of missing inventory? $802500 $202500 $397500 $600000

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