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- To calculate inventory purchases during the current year, you need to subtract the beginning inventory from the ending inventory, and then add the cost of goods sold. This gives you the total amount of inventory purchased during the period12. Inventory purchases refer to additional merchandise added by a retail company or additional production of goods undertaken by a manufacturing firm3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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 purchaseswww.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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