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Haack Inc Is a Merchandising Company

Question 19

Multiple Choice

Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $84,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $18,000. What was the total amount of the company's merchandise purchases for the month?


A) $84,000.
B) $82,000.
C) $86,000.
D) $122,000.

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