The 2011 records of Thompson Company showed beginning inventory, $6,000; cost of goods sold, $14,000; and ending inventory, $8,000. The cost of purchases for 2006 was:
A) $12,000.
B) $10,000.
C) $9,000.
D) $16,000.

Question

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The Answer of The 2011 records of Thompson Company showed beginning inventory, $6,000; cost of goods sold, $14,000; and ending inventory, $8,000. The cost of purchases for 2006 was:
A) $12,000.
B) $10,000.
C) $9,000.
D) $16,000.

The 2011 Records of Thompson Company Showed Beginning Inventory, $6,000;