Computing estimated cost of missing inventory

Reference no: EM13141378

A physical inventory taken on December 31, 2010, resulted in an ending inventory of $700,000. Keen"s gross profit on sales has remained constant at 25% in recent years. Keen suspects some inventory may have been taken by a new employee. At December 31, 2010, what is the estimated cost of missing inventory?

A. $50,000.

B. $150,000.

C. $200,000.

D. $250,000.

Reference no: EM13141378

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