Sheridan Company's records indicate the following information for the year: Merchandise inventory, 1/1 $544000 Purchases Net sales 2260000 3199000 On December 31, a physical inventory determined that ending inventory of $502000 was in the warehouse. Sheridans gross profit on sales has remained constant at 30%. Sheridan suspects some of the inventory may have been taken by some new employees. At Dcember 31, what is the estimated cost of missing inventory? O $502000 O $376200 O $74700 O $62700