[Answered] Bubbles Co’s reported 2020 beginning inventory of $1,800,000, purchases of $9,000,000, and sales of $11,400,000. A physical inventory count at

Bubbles Co’s reported 2020 beginning inventory of $1,800,000, 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 some 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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