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Pipe Corporation reported cost of goods sold of $250,000 for 2012. It also reported an increase in inventory for the year of $30,000, and an
Pipe Corporation reported cost of goods sold of $250,000 for 2012. It also reported an increase in inventory for the year of $30,000, and an increase in accounts payable of $24,000. How much inventory did Pipe purchase in 2012.
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