3 1 points Save Answer 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-in 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, 2019 OA $550,000 OB $920,000 5620,000 OD. $470,000