Question
OrioleSportswear Inc. reported the following in its December 31, 2021, financial statements. 20212020 Inventory $37,808 $34,000 Accounts payable42,296 37,400 Cost of goods sold 60,860 $0
OrioleSportswear Inc. reported the following in its December 31, 2021, financial statements.
20212020Inventory
$37,808 $34,000 Accounts payable42,296 37,400
Cost of goods sold
60,860 $0
Calculate (a) the cost of goods purchased, and (b) cash payments to suppliers.
(a)Cost of goods purchased$(b)Cash payments to suppliers
$
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Cost Management
Authors: Don R Hansen, Maryanne M Mowen, Dan L Heitger
5th Edition
357141091, 978-0357141090
