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A company's Inventory account increased $26,800 and its Accounts payable account decreased $18,240 during the year. The accounts payable relates only to the acquisition of
A company's Inventory account increased $26,800 and its Accounts payable account decreased $18,240 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and Cost of goods sold was $532,700. What was the amount of payments to the supplier of inventory?
$559,500 |
$541,260 |
$577,740 |
$532,700 |
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