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What the total purchases of merchandise for the period

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Question - A company reports an increase in Accounts Payable of $8,700 and an increase in inventory of $51,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $529,000 and cost of goods sold was $374,000. What the total purchases of merchandise for the period?

Reference no: EM133059211

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