Mathematics, 24.02.2020 18:29 awdadaddda

The following information is available for the Silver Company for the 3 months ended March 31 of this year: Merchandise inventory, January 1 of this year $ 900,000 Purchases 3,400,000 Freight-in 200,000 Sales 4,800,000 The gross margin recorded was 25% of sales. What should be the merchandise inventory at March 31?

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