Bubbles co.’s reported beginning inventory of $1,8000,8000, purchases of $9,000,000 and sales of $11,400,000. a physical inventory count at 12/31/2020

bubbles co.’s reported beginning inventory of $1,8000,8000, purchases of $9,000,000 and sales of $11,400,000. a physical inventory count at 12/31/2020 reported ending inventory of $2,100,000. bubbles gross profit on sales is 25%. bubbles suspects come inventory may have been taken by a new employee. at 12/31/2020, what is the estimated cost of missing inventory


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