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A company provided the following data: sales, $550,000; beginning inventory, $45,000; ending inventory, $50,000; and gross profit, $195,000. What was the amount of inventory purchased

A company provided the following data: sales, $550,000; beginning inventory, $45,000; ending inventory, $50,000; and gross profit, $195,000. What was the amount of inventory purchased during the year?

a. $360,000.

b. $350,000.

c. $355,000.

d. $555,000.

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