Question: Use the information below to answer the following question. $ Inventory 1 July 2021 200 Inventory 30 June 2022 300 Accounts payable 1 July 2021

Use the information below to answer the following question.


$

Inventory 1 July 2021

200

Inventory 30 June 2022

300

Accounts payable 1 July 2021

380

Accounts payable 30 June 2022

470

Cost of goods sold

5000


Calculate the amount of inventory purchased during the year.

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