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If cost of goods sold is $100,000 and the beginning and ending Inventory balances are $20,000 and $16,000, respectively, net purchases are a. $96,000 b.

If cost of goods sold is $100,000 and the beginning and ending Inventory balances are

$20,000 and $16,000, respectively, net purchases are

a. $96,000 b. $100,000 c. $104,000 d. $136,000

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