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Sanfran Company purchased inventory for $110,000. In addition, they had purchase returns of $5000 and paid freight-in of $10,000. Sanfran Company's net cost of purchases
Sanfran Company purchased inventory for $110,000. In addition, they had purchase returns of $5000 and paid freight-in of $10,000. Sanfran Company's net cost of purchases would be:
A) $95,000.
B) $105,000.
C) $115,000.
D) $125,000.
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