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You work for a wholesale firm which distributes a single product. $57,600 is the value for opening inventory (1 Oct 2020). Closing inventory valuation conducted

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You work for a wholesale firm which distributes a single product. $57,600 is the value for opening inventory (1 Oct 2020). Closing inventory valuation conducted on 31 October 2020, $80640 Purchases made during the month were: Sales made during the month were: The other cost besides the purchases were: Wages of staff $44,700, Premises purchased valued 42,750; Administrative expenses $13,620; Selling and marketing costs $17,890; Cost and freight for purchased inventory $3,750; Carriage outwards $4,120 and Depreciation charges $11,250 What is the total value for purchases during the month of October 2020

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