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Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,400. The company's beginning merchandise inventory was $11,600 and its

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,400. The company's beginning merchandise inventory was $11,600 and its ending merchandise inventory was $29,400. What was the total amount of the company's merchandise purchases for the month?

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$69,400

$51,600

$87,200

$110,400

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