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Xavier Industries recorded the following events involving a recent purchase of inventory: Purchases $ merchandise...

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Accounting

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Xavier Industries recorded the following events involving a recent purchase of inventory: Purchases $ merchandise for $100,000; Returned $17,000 of the merchandise for credit; Paid $2,000 freight on the shipment. As a result of these events, the company's inventory increased by $82,700. increased by $85,000. increased by $87,000. increased by $90,000

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