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Discount Dollar uses a perpetual inventory system. Suppose Discount Dollars Purchases totaled $68,000, Purchase Returns...

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Accounting

Discount Dollar uses a perpetual inventory system. Suppose Discount Dollars Purchases totaled $68,000, Purchase Returns totaled $5,200, Purchase Allowances totaled $1,500, Purchase Discounts totaled $2,800, and Freight In totaled $5,000. What is Discount Dollars net cost of inventory purchases?

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