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Question 4 Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $396,600; Purchase Returns and Allowances $12,500; Purchase Discounts

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Question 4 Assume that Sandhill Co. uses a periodic inventory system and has these account balances: Purchases $396,600; Purchase Returns and Allowances $12,500; Purchase Discounts $7,600; and Freight-in $17,100 Determine net purchases and cost of goods purchased Net purchases Cost of gods purchased

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