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The inventory account had a debit balance of $7,000 at the beginning of the period, and a debit balance of $8,000 at the end of
The inventory account had a debit balance of $7,000 at the beginning of the period, and a debit balance of $8,000 at the end of the period. Cost of goods sold for the period equaled $30,000. Based on this information, purchases during the period equal $
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