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Question 14 View Policies Current Attempt in Progress Sheridan Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1730000 8300000 Purchases during 2020 Sales
Question 14 View Policies Current Attempt in Progress Sheridan Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1730000 8300000 Purchases during 2020 Sales during 2020 10630000 A physical inventory taken on December 31, 2020, resulted in an ending inventory of $2030000. Sheridan's gross profit on sales has remained constant at 26% in recent years. Sheridan suspects some inventory may have been taken by a new employee. At December 31, 2020, what is the estimated cost of missing inventory? $133800. $466200. $600000. $733800
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