The following information is available for the Brown Company for 2016: 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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The following information is available for the Brown Company for 2016:
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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