Acompany reported cost of goods sold of $1,760,000 for the year.
during the year, inventory i...
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Business, 27.11.2019 06:31 terrickaimani
Acompany reported cost of goods sold of $1,760,000 for the year.
during the year, inventory increased from a $92,000 beginning balance to a $140,000 ending balance, and accounts payable increased from a $48,000 beginning balance to a $56,000 ending balance.
how much is the cash paid for merchandise purchased during the year?
a) $1,660,000
b) $1,800,000
c) $1,808,000
d) $1,704,000
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