Multiple Choice
Haan Inc. is a merchandising company. Last month the company's cost of goods sold was $66,000. The company's beginning merchandise inventory was $14,000 and its ending merchandise inventory was $16,000. What was the total amount of the company's merchandise purchases for the month?
A) $68,000
B) $96,000
C) $64,000
D) $66,000
Correct Answer:
Verified
Correct Answer:
Verified
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