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For 2009, cost of goods available for sale for Steamboat Corporation was $1,450,000. The gross profit rate was 30% of sales. Sales for the year

For 2009, cost of goods available for sale for Steamboat Corporation was $1,450,000. The gross profit rate was 30% of sales. Sales for the year were $1,200,000. What was the amount of the ending inventory?

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