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During the Year, Sarah's Pet Shop's Merchandise Inventory Decreased by $50,000.If

Question 202

Multiple Choice

During the year, Sarah's Pet Shop's merchandise inventory decreased by $50,000.If the company's cost of goods sold for the year was $750,000, purchases would have been


A) $800,000.
B) $700,000.
C) $650,000.
D) Unable to determine.

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