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Yang & Min Inc. is a retailer of contemporary furniture. You are told that Yang & Min's ending inventory is $200,000 and its cost of
Yang & Min Inc. is a retailer of contemporary furniture. You are told that Yang & Min's ending inventory is $200,000 and its cost of goods sold is $500,000. Yang & Min had $100,000 of inventory at the beginning of the year.
What was the dollar amount of goods purchased by Yang & Min during the year? Please solve for P. Not just show the equation.
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