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A company provided the following data: sales, $660,000; beginning inventory, $56,000; ending inventory, $61,000; and gross profit, $294,000. What was the amount of inventory purchased
A company provided the following data: sales, $660,000; beginning inventory, $56,000; ending inventory, $61,000; and gross profit, $294,000. What was the amount of inventory purchased during the year?
$361,000.
$366,000.
$665,000.
$371,000.
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