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Cheng Company, operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2019 second-quarter report, the company reported Cost of Goods
Cheng Company, operates department stores located primarily in the Southwest, Southeast, and Midwest. In its 2019 second-quarter report, the company reported Cost of Goods Sold of $5,400 million, ending inventory for the second quarter of $6,900 million, and ending inventory for the previous quarter of $7,000 million. Determine the amount of merchandise purchases for the second quarter. (Enter your answer in millions.) Answer is complete but not entirely correct. Merchandise Purchases S million.
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