On Willow Grove Department Stores most recent balance sheet, the balance of its inventory at the beginning

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On Willow Grove Department Stores’ most recent balance sheet, the balance of its inventory at the beginning of the year was $12,000. At the end of the year, the inventory balance was $14,500. During that year, its cost of goods sold was $55,000. All purchases of inventory throughout the year were on account. What was the total of Willow Grove’s purchases during the year?

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Related Book For  answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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