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Use the following information below to calculate the total cost of goods purchased: Costs Inventory, Beginning Purchase Discounts $55,000 $5,000 Purchases $115,000 Purchase Returns and
Use the following information below to calculate the total cost of goods purchased: Costs Inventory, Beginning Purchase Discounts $55,000 $5,000 Purchases $115,000 Purchase Returns and Allowances $3,500 Inventory, Ending $67,000 Freight In $13,500 Freight Out $24,800
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