Solve the following problem.

Problem Gecelle Company reported during the current year: Beginning inventory 5 00,000 Net purchases 2,5 00,000 Net sales 3,200,000 A physical count at year-end resulted in an inventory of P575, 000. The gross prot on sales had remained constant at 25%. The entity suspected that some inventory may have been taken by a new employee. What is the estimated cost of missing inventory at year-end