Question: Please provide the accurate answer to this general accounting problem using valid techniques. The following data is available for Galaxy Corp. for the three months

Please provide the accurate answer to this general accounting problem using valid techniques.

The following data is available for Galaxy Corp. for the three months ended September 30: . Beginning Inventory (July 1): $900,000 . Purchases: $3,600,000 . Freight-in: $240,000 . Sales: $5,200,000 . Gross Margin: 30% of sales What is the estimated inventory balance at September 30

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