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V8 . Henke Company's accounting records indicated the following information Inventory, 1/1/15 $600,00o $3,000,00o $3,800,000 Purchases during 2015 Sales during 2015 A physical inventory taken
V8 . Henke Company's accounting records indicated the following information Inventory, 1/1/15 $600,00o $3,000,00o $3,800,000 Purchases during 2015 Sales during 2015 A physical inventory taken on December 31, 2015, resulted in an ending inventory $700,000, Henke's gross profit on sales has remained constant at 25% in recent years. Henke suspects a new employee may have taken some inventory. At December 31, 2015, what is the estimated cost of missing inventory? A. $50,oo0. B. $150,000. C. $20o,000 D. $250,oo0
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