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Dillard's, Inc., operates 315 department stores located in 29 states primarily in the Southwest, Southeast, and Midwest. In its annual report for the year ended January 31, 2009, the company reported Cost of Goods Sold of $5,500 million, ending inventory for the current year of $1,500 million, and ending inventory for the previous year of $1,700 million.

Required: Determine the merchandise purchase for the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9982611

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