Question: Assuming the periodic Inventory system is used for the current year, the following data were taken from the accounting records. Purchases $250,000 Purchase returns and

Assuming the periodic Inventory system is used for the current year,

Assuming the periodic Inventory system is used for the current year, the following data were taken from the accounting records. Purchases $250,000 Purchase returns and allowances $5,000 Discount received $2,000 Freight in $4,000 Beginning inventory 545,000 Ending inventory 565,000 What was the amount for net purchases? Oa $245,000 Ob. 5292,000 e $241,000 Od $246,000

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