Kartik Inc. is a merchandising company. Last month the company's cost of goods sold was $76,000. The company's beginning merchandise inventory was $15,700 and its ending merchandise inventory was $22,500. What was the total amount of the company's merchandise purchases for the month?

Kartik Inc. is a merchandising company. Last month the company's cost of goods sold was $76,000. The company's beginning merchandise inventory was $15,700 and its ending merchandise inventory was $22,500. What was the total amount of the company's merchandise purchases for the month?

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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