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Sandhill Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1760000 Purchases during 2020 8600000 Sales during 2020 10960000 A physical inventory taken on

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Sandhill Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1760000 Purchases during 2020 8600000 Sales during 2020 10960000 A physical inventory taken on December 31, 2020, resulted in an ending inventory of $2060000. Sandhill's gross profit on sales has remained constant at 26% in recent years. Sandhill suspects some inventory may have been taken by a new employee. At December 31, 2020, what is the estimated cost of missing inventory? $410400. $189600. O $600000 $789600

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