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Bates Company pays cash for all inventory purchases. Bates reports that it had a beginning inventory of $1,300 and an ending inventory of $500.
Bates Company pays cash for all inventory purchases. Bates reports that it had a beginning inventory of $1,300 and an ending inventory of $500. Its cost of goods sold equaled $2,850. Based on this information, the amount of cash paid for inventory purchases was: Multiple Choice $2,050 $750 $5,150 $3,650
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