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Unformatted text preview: $16,000 Cost of Goods Purchased $397,000 J. Harlow Company Inventory $17,200 Add: Purchases $144,000 Less: Purchase Returns & Allowances $2,000 Net Purchases $142,000 Add: Freight-in $4,000 Cost of Goods Purchased $146,000 Cost of Goods Available for Sale $163,200 Less: Ending Inventory $25,000 Cost of Goods Sold $138,200...
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