Question: Dillard s Inc operates department stores located primarily in the Southwest
Dillard’s, Inc., operates department stores located primarily in the Southwest, Southeast, and Mid-west. In its 2013 third-quarter report, the company reported Cost of Goods Sold of $ 1.0 billion, ending inventory for the third quarter of $ 1.8 billion, and ending inventory for the previous quarter of $ 1.5 billion. Determine the amount of merchandise purchases for the third quarter.
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