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KOHL's reported Net Sales of $1,000,000 and a gross profit of $200,000. The beginning balance of inventory was $150,000 and the ending balance of inventory

KOHL's reported Net Sales of $1,000,000 and a gross profit of $200,000. The beginning balance of inventory was $150,000 and the ending balance of inventory was $130,000. What is the amount of purchases of inventory in 2020? Select one: a. $820,000 b. $780,000 c. $20,000 d. $800,000image text in transcribed

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