Haan Inc. is a merchandising company. Last month the company's cost of goods sold was $66,000. The company's beginning merchandise inventory was $14,000 and its ending merchandise inventory was $16,000. What was the total amount of the company€™s Merchandise Purchases for the month?
A. $68,000
B. $96,000
C. $64,000
D.$66,000

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$14,000 Merchandise inventory, beginning Add: Merchandise purchased Goods available for sale Deduct: Finished goods inventory, ending Cost of goods sold. 16,000 S66,000