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Richard Company's Financial Records Report Beginning Inventory of $535,000; Ending

Question 6

Multiple Choice

Richard Company's financial records report beginning inventory of $535,000; ending inventory of $697,000; and cost of goods sold of $1,396,000. What is the amount of purchases?


A) $1,558,000
B) $2,093,000
C) $1,232,000
D) $861,000

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