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Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $429 200: Purchase Returns and Allowances $12,800; Purchase Discounts $7,100;

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Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $429 200: Purchase Returns and Allowances $12,800; Purchase Discounts $7,100; and Freight-in $15,600 Determine net purchases and cost of goods purchased. $ Net purchases Cost of goods purchased $

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