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3 Cortez Company updates its inventory records perpetually. The company's records showed a beginning inventory of $22,000, cost of goods sold of $30,000, and ending

3 Cortez Company updates its inventory records perpetually. The company's records showed a beginning inventory of $22,000, cost of goods sold of $30,000, and ending inventory of $24,000. How much inventory was purchased during the year? 10 points Multiple Choice 00:39:45 $28,000 $26,000 $17,000. $32,000

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