Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Haab inc. Is a merchandising company. Last month the company's cost of goods sold was $70,400.
Transcribed Image Text:Haab Inc. is a merchandising company. Last month the
company's cost of goods sold was $70,400. The company's
beginning merchandise inventory was $14,700 and its
ending merchandise inventory was $25,000.
What was the total amount of the company's merchandise
purchases for the month?
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