Business, 05.05.2020 04:09 michaelsmith710
Pharoah Company's accounting records indicated the following information: Inventory, 1/1/20 $ 1840000 Purchases during 2020 9400000 Sales during 2020 11840000 A physical inventory taken on December 31, 2020, resulted in an ending inventory of $2140000. Pharoah's gross profit on sales has remained constant at 25% in recent years. Pharoah suspects some inventory may have been taken by a new employee. At December 31, 2020, what is the estimated cost of missing inventory
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Pharoah Company's accounting records indicated the following information: Inventory, 1/1/20 $ 184000...
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