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Haar Inc. is a merchandising company. Last month the company's cost of goods sold was...

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Accounting

  1. Haar Inc. is a merchandising company. Last month the company's cost of goods sold was $61,000. The company's beginning merchandise inventory was $11,000 and its ending merchandise inventory was $21,000. What was the total amount of the company's merchandise purchases for the month?

    $61,000

    $51,000

    $71,000

    $93,000

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