ABC uses the perpetual method for inventory and record purchases at gross. in 2014, it has a total m

ABC uses the perpetual method for inventory and record purchases at gross. in 2014, it has a total merchandise purchases of $324,000. It returns $19,000 of the merchandise for full credit and receives $7,000 in allowances from its vendors for defective merchandise and take cash discounts of $1,000. The net cost of ABC 2014 merchandise purchases is?

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