Business, 15.05.2021 01:00, soliseric879

On January 1, 2020, the merchandise inventory of Wildhorse, Inc. was $2050000. During 2020 Wildhorse purchased $4091000 of merchandise and recorded sales of $4900000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Wildhorse at December 31, 2020

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On January 1, 2020, the merchandise inventory of Wildhorse, Inc. was $2050000. During 2020 Wildhorse...