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undefined Assuming the periodic inventory system is used for the current year, the following data were taken from the accounting records: Purchases $250,000 Purchase returns
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Assuming the periodic inventory system is used for the current year, the following data were taken from the accounting records: Purchases $250,000 Purchase returns and allowances $5,000 Discount received $2,000 Freight-in $4,000 Beginning inventory $45,000 Ending inventory $65,000 What was the amount for net purchases? O a. $241,000. O b. $245,000. O c. $246,000. O d. $292,000Step by Step Solution
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