g Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $84,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $18,000. What was the total amount of the company's merchandise purchases for the month

Cost of goods purchased = $82,000

Explanation:

Giving the following information:

Last month the company's cost of goods sold was $84,000. The company's beginning merchandise inventory was $20,000 and its ending merchandise inventory was $18,000.

We know that:

Cost of goods purchased = cost of goods sold + ending inventory - beginning inventory

Cost of goods purchased = 84,000 + 18,000 - 20,000 = 82,000