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

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.