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16) Kennel Company reported the following: Cost of goods sold (estimated for next period) $320,000 Ending inventory (estimated for next period) $95,000 Beginning inventory for

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16) Kennel Company reported the following: Cost of goods sold (estimated for next period) $320,000 Ending inventory (estimated for next period) $95,000 Beginning inventory for the period $60,000 Based on this information, the purchases for the next period should be: A) $285,000. B) $355,000. C) $380,000. D) $415,000

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