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Q4: Last month a company's cost of goods sold was $86,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $21,000.
Q4:
Last month a company's cost of goods sold was $86,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $21,000. What was the total amount of the company's merchandise purchases for the month?
a.
$86,000
b.
$127,000
c.
$85,000
d.
$87,000
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