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7 1 points On January 1, 2019, the merchandine inventory of doiden, tac. was $1,000,000. During 2019, Golden Inc purchased $2,500,000 of merchandise, the purchase

7 1 points On January 1, 2019, the merchandine inventory of doiden, tac. was $1,000,000. During 2019, Golden Inc purchased $2,500,000 of merchandise, the purchase discount won $70,000 freight-in charge was $40,000. The company recorded net sales of $4,000,000. The gross profit rate (Markup) on costs was 25% What is the amount of merchandise inventory ut December 31, 2019 $900,000 OA OB $450,000 OC $600,000 OD. $270,000 response Question 7 of 12

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