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Bayfield Company has provided the following information: beginning inventory, $203,000; cost of goods sold, $903,000; and ending inventory, $161,500. How much were Bayfield's inventory purchases?

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Bayfield Company has provided the following information: beginning inventory, $203,000; cost of goods sold, $903,000; and ending inventory, $161,500. How much were Bayfield's inventory purchases? a) $841,500. b) $861,500. c) $821,500 d) $903,000

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