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Compute the balance in Jicos ledger Purchases account

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Question - Jico uses the periodic method. Its beginning inventory is $43,000, purchases $321,000, FOB destination, purchase returns are $17,000 and freight is $9,000. Compute the balance in Jicos ledger Purchases account?

a) 330,000

b) 317,000

c) 321,000

d) 304,000

Reference no: EM132748632

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