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Based on the information below and considering that this company paid $322,500 in cash to its suppliers during the year, what is the company's cost
Based on the information below and considering that this company paid $322,500 in cash to its suppliers during the year, what is the company's cost of goods sold for 2015?
1/1/2015 | 12/31/2015 | |
---|---|---|
Inventory | $23,400 | $34,560 |
Accounts payable | $354,000 | $223,000 |
Select one:
a. $311,340
b. $180,340
c. $322,500
d. $442,340
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