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Financial Statements of ABC Corp.

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Financial Statements of ABC Corp. indicates that ending inventory levels in 2004 and 2005 were $200,000 and $350,000 respectively. Cost of Goods sold for 2004 and 2005 were $1,900,000 and $2,500,00 respectively. What were purchases in 2005?

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This solution provides calculations involving financial statements.

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