Dave's Duds reported cost of goods sold of $2,400,000 this year. The inventory account increased...
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Accounting
Dave's Duds reported cost of goods sold of $2,400,000 this year. The inventory account increased by $100,000 during the year to an ending balance of $425,000. What was the cost of merchandise that Dave's purchased during the year?
Multiple Choice
$2,500,000.
$2,300,000.
$1,975,000.
$2,825,000.
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