A fire destroyed some of Powell Companys records. Information from the documents found related to inventory is listed below.

Ending Inventory	97,000
Cost of Goods Sold	445,000
Consigned Goods	87,000
Beginning Inventory	43,000

What was the amount of inventory that was purchased during the year?

Question 7 options:

	$412,000
	$565,000
	$499,000
	$478,000