All of the information required in the computation of cost of goods sold is presented below, except for purchases, which must be what amount?
Purchase discounts $ 200
Inventory, December 31 1,500
Cost of goods sold 9,500
Purchases ?
Inventory, January 1 1,500
Freight-in 500
a. $ 9,600
b. $ 9,400
c. $11,100
d. $ 9,200
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