=+were obtained from the accounting records: Jan. 1 Merchandise inventory $ 260,000 Jan. 1Oct. 11 Purchases (net)
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=+were obtained from the accounting records:
Jan. 1 Merchandise inventory $ 260,000 Jan. 1–Oct. 11 Purchases (net) 1,900,000 Sales (net) 3,200,000 Estimated gross profit rate 40%
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