Question: Great Stuff Ltd. uses the periodic inventory system. From the following account balances at 30 June 2017: Calculate the value of Purchases for the

Great Stuff Ltd. uses the periodic inventory system. From the following account balances at 30 June 2017:


Freight In Sales revenue Inventory 30/6/17 Inventory 1/7/16 Gross Profit $1,000 $30,000  Calculate the value of Purchases for the period.

Freight In Sales revenue Inventory 30/6/17 Inventory 1/7/16 Gross Profit $1,000 $30,000 $3,000 $4,000 $10,000

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