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On January 1, 2018, the merchandise inventory of Glaus, Inc. was $1,200,000. During 2018 Glaus purchased $2,400,000 of merchandise and recorded sales of $3,000,000. The

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On January 1, 2018, the merchandise inventory of Glaus, Inc. was $1,200,000. During 2018 Glaus purchased $2,400,000 of merchandise and recorded sales of $3,000,000. The gross profit rate on these sales was 25%. What is the total goods available for sale for Glaus at December 31, 2018? $3,600,000 $3,000,000 $1,350,000 $2,250.000

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