how to calculate total purchases
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17
Answer:
Thus, the steps needed to derive the amount of inventory purchases are:
- Obtain the total valuation of beginning inventory, ending inventory, and the cost of goods sold.
- Subtract beginning inventory from ending inventory.
- Add the cost of goods sold to the difference between the ending and beginning inventories
Answered by
6
Answer:
opening balance - closing balance + cost of goods sold
Explanation:
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