Help Save & At the beginning of Year 2, Midway Hardware has an invertory of $470,000. Because sales growth was strong during Wear 2, the owner wants to increase inventory on hand to $50000 December 31, 2 sales for Year 2 are expected to be $1,720,000, and the gross profit rate is expected to be 35% what is the cost of the merchandise the owner should expect to purchase during Year 2 Mutiple Choic $162,000 $10,000 $1158000 $1720,000