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Cost of Goods Sold for the period totaled $598,000, accounts payable had a beginning and ending balance of $97,000 and $86,500, respectively, and inventory had
Cost of Goods Sold for the period totaled $598,000, accounts payable had a beginning and ending balance of $97,000 and $86,500, respectively, and inventory had a beginning and ending balance of $156,000 and $142,500, respectively. Cash payments for inventory were:
A) $574,000
B) $595,000
C) $601,000
D) $622,000
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