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Product purchase of the year 2,900,000 ISK Sale of the year 4,600,000 ISK At the end of December, an inventory count was carried out in

Product purchase of the year 2,900,000 ISK Sale of the year 4,600,000 ISK At the end of December, an inventory count was carried out in the company's warehouse. According to the count, the final inventory was worth ISK 460,000. Managing Director of Ogga ehf. has a suspicion that shrinkage has occurred during the year as unskilled workers were hired for warehouse jobs during the year. Given that the gross profit of Ogga ehf. has the average turned out to be 40%, what can be assumed that shrinkage is high (estimated cost of missing inventory)

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