Question
Determine how much was paid for inventory during the year. COGS $900,000; Inventory January 1 $130,000; inventory December 31 $165,000; Accounts payable January 1 $23,000;
Determine how much was paid for inventory during the year. COGS $900,000; Inventory January 1 $130,000; inventory December 31 $165,000; Accounts payable January 1 $23,000; accounts payable December 31 $35,000.
$900,000
$923,000
$947,000
$877,000
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobe
6th Edition
1292102993, 978-1292102993
