Business, 15.04.2020 00:41 RiddleMeThis
Coronado Company's records indicate the following information for the year:
Merchandise inventory, 1/1 $559000
Purchases 2264000
Net sales 3200000
On December 31, a physical inventory determined that ending inventory of $494000 was in the warehouse. Coronado's gross profit on sales has remained constant at 30%. Coronado suspects some of the inventory may have been taken by some new employees.
At December 31, what is the estimated cost of missing inventory?
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Coronado Company's records indicate the following information for the year:
Merchandise...
Merchandise...
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