On January 1, 2019, the merchandise inventory of Golden, Inc. was 51,000,000. During 2019, Golden Inc....

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On January 1, 2019, the merchandise inventory of Golden, Inc. was 51,000,000. During 2019, Golden Inc. purchased $2,500,000 of merchandise, the purchase discount was $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 at December 31, 2019 OA $600,000 $900,000 OR $270,000 OD $450,000 On January 1, 2019, the merchandise inventory of Golden, Inc. was 51,000,000. During 2019, Golden Inc. purchased $2,500,000 of merchandise, the purchase discount was $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 at December 31, 2019 OA $600,000 $900,000 OR $270,000 OD $450,000