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During the year, Sarah's Pet Shop's merchandise inventory decreased by $50,000. If the company's cost of goods sold for the year was $750,000, purchases would

During the year, Sarah's Pet Shop's merchandise inventory decreased by $50,000. If the company's cost of goods sold for the year was $750,000, purchases would have been a. $800,000. b. $700,000. c. $650,000. d. Unable to determine

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