Business, 16.03.2020 16:18, tus

Based on the following data, estimate the cost of the ending merchandise inventory:

Sales $9,250,000
Estimated gross profit rate 36%
Beginning merchandise inventory $ 180,000
Purchases (net) 5,945,000
Merchandise available for sale $6,125,000

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Based on the following data, estimate the cost of the ending merchandise inventory:

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