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Please explain answer 9. Cost of goods sold during the year is S600,000. Related information is as follows: December 31 Inventory Accounts payable $75,000 $16,000
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9. Cost of goods sold during the year is S600,000. Related information is as follows: December 31 Inventory Accounts payable $75,000 $16,000 JanuaryI $80,000 $12,000 The amount of cash paid for inventory during the year would be A) $609,000. B) $601,000. C) $594,000. D) S591,000Step by Step Solution
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