Haar Inc
Subject:BusinessPrice:2.88 Bought3
Haar Inc. is a merchandising company. Last month the company's cost of goods sold was $61,700. The company's beginning merchandise inventory was $17,700 and its ending merchandise inventory was $23,100. What was the total amount of the company's merchandise purchases for the month?
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Cost of goods sold = $61,700
Beginning inventory = $17,700
Closing inventory = $23,100
Cost Of Goods Sold = Opening Stock + Purchases- Closing stock
$61,700 = $17,700 + Purchases - $23,100 $61,700 - $17,700 + $23,100 = Purchases
$ 67,100 = Purchases
