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How much did the company pay for merchandise inventory in 2020? Inventory, 12/31/19 $70,000 A/P, 12/31/19 $40,000 Inventory, 12/31/20 $84,000 A/P, 12/31/20 $35,000 COGS, 12/31/20

How much did the company pay for merchandise inventory in 2020? Inventory, 12/31/19 $70,000 A/P, 12/31/19 $40,000 Inventory, 12/31/20 $84,000 A/P, 12/31/20 $35,000 COGS, 12/31/20 $300,000 a. $319,000 b. $309,000 C. $314,000 d. $291,000

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