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Determine the total cost of purchases for the period

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Question - Sales P750,000; Sales returns and allowances 15,000; Sales discounts 10,000; Purchases 170,000; Purchases Returns and Allowances 20,000; Transportation In 30,000; Selling Expenses 75,000; General and Administrative Expenses 275,000; Merchandise inventory, beginning 55,000; Merchandise inventory, ending 35,000. Determine the total cost of purchases for the period?

Reference no: EM133077431

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