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Exercise 1 - Extracting purchases: Tesla's ending inventory on December 31, 2016, was $953,675. Tesla's ending inventory on December 31, 2017, was $1,277,838 Furthermore, Tesla's

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Exercise 1 - Extracting purchases: Tesla's ending inventory on December 31, 2016, was $953,675. Tesla's ending inventory on December 31, 2017, was $1,277,838 Furthermore, Tesla's cost of revenues in 2017 was $2,823,302. Required: Calculate Tesla's inventory purchases in 2017

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