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  2. Therefore, the amount of its inventory purchases during the period is calculated as: ($350,000 Ending inventory - $500,000 Beginning inventory) + $600,000 Cost of goods sold = $450,000 Inventory purchases
    www.accountingtools.com/articles/how-to-calculat…
    To calculate inventory purchases, subtract your closing inventory from beginning inventory, and then add in the inventory purchases you made during the accounting period, which are part of your cost of goods sold.
    smallbusiness.chron.com/calculate-purchases-inve…
    Purchases refer to the additional merchandise added by a retail company or additional production of goods undertaken by the manufacturing firm. These Purchases are added to the Beginning Inventory. Closing Inventory refers to the goods that were not sold during the current financial year.
    quickbooks.intuit.com/global/resources/expenses/c…
     
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