Question: undefined 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

undefined Assuming the periodic inventory system is used for the current year,undefined

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 $45,000 Ending inventory $65,000 What was the amount for net purchases? O a. $241,000. O b. $245,000. O c. $246,000. O d. $292,000

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