Haala Inc. is a merchandising company. Last month the company's cost of goods sold was $68,000. The company's beginning merchandise inventory was $11,000 and its ending merchandise inventory was $17,000. What was the total amount of the company's merchandise purchases for the month

$74,000

Explanation:

GIVEN THE FOLLOWING ;

COST OF GOODS SOLD = $68,000

BEGINNING INVENTORY = $11,000

ENDING INVENTORY = $17,000

PURCHASES FOR THE MONTH =?

USING THE RELATION:

COST OF GOODS SOLD = BEGINNING INVENTORY + PURCHASE MADE - ENDING INVENTORY

$68,000 = $11,000 + PURCHASE MADE - $17,000

$68,000 + $17,000 - $11,000 = PURCHASE MADE

$85,000 - $11,000 = PURCHASE MADE

$74,000 = PURCHASE MADE FOR THE MONTH

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order:

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