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The companys beginning merchandise inventory was 20000 and

Haag Inc. is a merchandising company. Last month the company"s cost of goods sold was $86,000. The company"s beginning merchandise inventory was $20,000 and its ending merchandise inventory was $21,000. What was the total amount of the company"s merchandise purchases for the month?

A) $86,000
B) $127,000
C) $87,000
D) $85,000

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Cost Accounting: The companys beginning merchandise inventory was 20000 and

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