Coleman's inventory purchases were $430,000.
The term "inventory acquisitions" describes the acquisition of goods intended for client resale. The value of these purchases must be determined before they can be entered into the accounting records.
Add the inventory purchases you made throughout the accounting period, which are a part of your cost of goods sold, to your beginning inventory after deducting your closing inventory from it.
We have been given beginning inventory as $100,000, cost of goods as $450,000 and ending inventory as $80,000.
We will let purchases as X and we know the formula so we will just put values and find the purchases.
Beginning inventory + Purchases (X) - Cost of Goods Sold = Ending inventory.
$100,000+ X - $450,000 = $80,000.
Purchases = X = = $430,000.
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