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What was the cost of goods purchased

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Question - For the current year, the following data were taken from the accounting records: sales, $900 000; sales returns and allowances, $30 000; purchases, $500 000; purchase returns and allowances, $8000; discount received, $4000; freight-in, $2000; beginning inventory, $90 000; ending inventory, $130 000. What was the cost of goods purchased?

Reference no: EM132496978

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