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4 On January 1. The Parts Store had a ( $ 550,000 ) inventory at cost. During the first quarter of the year, it purchased

4 On January 1. The Parts Store had a \( \$ 550,000 \) inventory at cost. During the first quarter of the year, it purchased \( \$ 1,690,000 \) of merchandise, returned \( \$ 28,100 \), and paid freight 2 answers

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