1 points Seve Are $620,000 On January 1, 2019, the merchandise inventory of Golden, Inc. was $900,000. During 2019, Golden Inc. purchased $2,000,000 of merchandise, the purchase discount was $50,000, freight is charge was $20,000. The company recorded net sales of $3,000,000. The gross profit rate on sales was 20% What is the amount of merchandise inventory at December 31, 20197 OA OB $470,000 C $920,000 a $150,000