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Find the total purchases of merchandise for the period

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Question - Fertilizer Incorporated reports an increase in Accounts Payable of $9,200 and an increase in inventory of $45,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $532,100 and cost of goods sold was $358,000. The total purchases of merchandise for the period were:

A. $358,000

B. $174,100

C. $403,000

D. $313,000

Reference no: EM131676733

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