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Thompson Company updates its inventory records perpetually. The companys records showed...

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Accounting

Thompson Company updates its inventory records perpetually. The companys records showed a beginning inventory of $16,000; cost of goods sold of $24,000; and ending inventory of $18,000. How much inventory was purchased during the year?

A. $26,000.

B. $22,000.

C. $14,000.

D. $20,000.

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