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JiCo uses the perodic.method. Its beginning inventory is $43,000, purchases are $321,000, F.O.B. destination, purchase returns arc $17,000, ,mil freight is $9,000. The balance in

JiCo uses the perodic.method. Its beginning inventory is $43,000, purchases are $321,000, F.O.B. destination, purchase returns arc $17,000, ,mil freight is $9,000. The balance in JiCo's ledger Purchases account is

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