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Uno Company's records indicate the following information for the year: Merchandise inventory, 1/1 Purchases Net sales $ 350,000 1,650,000 2,500,000 On December 31, a
Uno Company's records indicate the following information for the year: Merchandise inventory, 1/1 Purchases Net sales $ 350,000 1,650,000 2,500,000 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? a. $25,000 b. $50,000 c. $75,000 d. $100,000 R
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