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What was the amount for net purchases

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Question - Assuming the periodic inventory method is used for the current year, the following data were taken from the accounting records:

Sales 450,000

Sales return and allowance 15,000.

Purchas 250,000

Purchase return and allowance 4,000

Discount receive 2,000

Freight in 1,000

Beginning inventory 45,000

Ending inventory 65,000

Required - What was the amount for net purchases?

Reference no: EM132549933

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