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show the steps 16. Vaughn Company's records indicate the following information for the year: On December 31 , a physical inventory determined that ending inventory
show the steps 16. Vaughn Company's records indicate the following information for the year: On December 31 , a physical inventory determined that ending inventory of $504000 was in the warehouse. Vaughns gross profit on sales has remained constant at 30%. Vaughn 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. $319,800 b. $53,300 c. $504,000 d. $65,300
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