Question: JIco uses the periodic method. Its beginning inventory is $43,000, purchases $321,000, FOB destination, purchase returns are $17,000 and freight is $9,000. the balance in

JIco uses the periodic method. Its beginning inventory is $43,000, purchases $321,000, FOB destination, purchase returns are $17,000 and freight is $9,000. the balance in Jicos ledger Purchases account is?

a)330,000 b) 317,000 c)321,000 d) 304,000

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