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The following information is available for the Brown Company for 2006: Gross Profit $ 30,000...

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Accounting

The following information is available for the Brown Company for 2006:

Gross Profit $ 30,000

Net Sales 500,000

Beginning Inventory 220,000

Ending Inventory 40,000

What was the amount of net purchases?

a. $290,000

b. $210,000

c. $180,000

d. $150,000

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