Question: Using the information below, find Alpha's total gross purchases (not net purchases). Ending inventory 700 Beginning inventory 2000 Purchase ret. & allowances 300 Purchase discounts

Using the information below, find Alpha's total gross purchases (not net purchases).
Ending inventory 700
Beginning inventory 2000
Purchase ret. & allowances 300
Purchase discounts 200
Operating expenses 2400
Sales ret. & allowances 800
Sales discounts 200
Net income 800
Income tax expense 200
Sales 8300

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