Question: How do you get this answer? Please show work 0/O pts Question5 Woodbeck Company reported the following data at year-end: Sales, $400,000; Beginning inventory, $38,000;

How do you get this answer? Please show work

0/O pts Question5 Woodbeck Company reported the following data at year-end: Sales, $400,000; Beginning inventory, $38,000; Ending inventory, $46,000; and Gross profit, $160,000. What was the amount of merchandise purchases for the year? 168,000. $218,000 ver $248,000 $278,000

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