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On January 1, 2020, the merchandise inventory of Carla Vista, Inc. was $1950000. During 2020 Carla Vista purchased $3893000 of merchandise and recorded sales of

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On January 1, 2020, the merchandise inventory of Carla Vista, Inc. was $1950000. During 2020 Carla Vista purchased $3893000 of merchandise and recorded sales of $4700000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Carla Vista at December 31, 2020? $3525000. $807000 $1175000. $2318000

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