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Determine net purchases and cost of goods purchased

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Reference no: EM13510785

Assume that Alshare Company uses a periodic inventory system and has these account balances: Purchases $450,000; Purchase Returns and Allowances $11,000; Purchase Discounts $8,000; and Freight-in $16,000. Determine net purchases and cost of goods purchased.

Reference no: EM13510785

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