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Based on the following information, determine the amount of cash paid for current years inventory: Cost of goods sold $545,000 Inventory, prior year-end $105,000 Inventory,
Based on the following information, determine the amount of cash paid for current years inventory:
Cost of goods sold | $545,000 |
Inventory, prior year-end | $105,000 |
Inventory, current year-end | $112,000 |
Accounts payable, prior year-end | $98,500 |
Accounts payable, current year-end | $101,300 |
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