Answer:
$84,100
Explanation:
Haack incorporation cost of goods last year was $70,600
The beginning merchandise inventory was $16,500
The ending merchandise inventory was $30,000
Therefore the total amount of purchases can be calculated as follows
Cost of goods= beginning inventory + purchases-ending inventory.
70,600= 16,500+purchases-30,000
70,600-16,500= purchases - 30,000
54,100 = purchases - 30,000
54,100+30,000= purchases
Purchases= 84,100
Hence the total purchases is $84,100
