Patel Company's records indicate the following information for the year Merchandise inventory, 1/1 Purchases Net sales 24. $400,000 2,500,000 4,000,000 On December 31, a physical inventory determined that ending inventory of $450,000 was in the warehouse. Patel's gross profit on sales has remained constant at 40 %. Patel suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory? a. $50,000 b. $75,000 c. $100,000 d. $150,000 25 units with a unit cost of $7. During April, the company purchased inventory as follows: At April 1, 2018, Ghandi Company had beginning inventory consisting of 100 600 units at $8 900 units at $9 The company sold 1,200 units during the month for $15 per unit. Ghandi uses the average cost method. The value of Ghandi's inventory at April 30, 2018 is a. $3,000. b. $3,400. C. $7,500. d. $9,200