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Uno Company's records indicate the following information for the year: 55 Merchandise inventory, 1/1 Purchases Net sales $350,000 1,650,000 2,500,000 =200 x $1 $2133
Uno Company's records indicate the following information for the year: 55 Merchandise inventory, 1/1 Purchases Net sales $350,000 1,650,000 2,500,000 =200 x $1 $2133 On December 31, a physical inventory determined that ending inventory of $325,000 was in the warehouse. Uno's gross profit on sales has remained constant at 35%. Uno suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory? $25,000 b. $50,000 c. $75,000 d. $100,000 Net Sales Less Est. Gross: profit 2,500 000 875 000 esting 1, 625, owy cost of for
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