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How do you find purchases figure? - Answers
To find the purchases figure, you typically start with the beginning inventory and add any new purchases made during the period. Then, subtract the ending inventory from this total. The formula can be summarized as: Purchases = Ending Inventory - Beginning Inventory + Cost of Goods Sold. This calculation provides insight into the amount spent on stock during the specified timeframe.
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How do you find purchases figure? - Answers
To find the purchases figure, you typically start with the beginning inventory and add any new purchases made during the period. Then, subtract the ending inventory from this total. The formula can be summarized as: Purchases = Ending Inventory - Beginning Inventory + Cost of Goods Sold. This calculation provides insight into the amount spent on stock during the specified timeframe.
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How do you find purchases figure? - Answers
To find the purchases figure, you typically start with the beginning inventory and add any new purchases made during the period. Then, subtract the ending inventory from this total. The formula can be summarized as: Purchases = Ending Inventory - Beginning Inventory + Cost of Goods Sold. This calculation provides insight into the amount spent on stock during the specified timeframe.
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