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Fischers Inc. had an inventory balance of S20,000 on January 1, and $20,500 on December 31. The cost of goods sold during the period was

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Fischers Inc. had an inventory balance of S20,000 on January 1, and $20,500 on December 31. The cost of goods sold during the period was S30,250. What is the purchase amount? OA. S31,250 B. $500 C. $9,750 D 30,75

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