Oriole Company had a gross prot of $635000, total purchases of $858000, and an ending inventory of $492000 in its first year of operations as a retailer. Oriole's sales in its first year must have been O $366000 O $1493000. O $1127000. O $1001000 On January 1, 2020, the merchandise inventory of Pharoah, Inc. was $1800000. During 2020 Pharoah purchased $3596000 of merchandise and recorded sales of $4400000. The gross proftrate on these sales was 20%. What is the merchandise inventory of Pharoah at December 31, 2020? O $1876000 $3520000 $880000 O $804000