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Required Information USE THE FOLLOWING INFORMATION FOR THE NEXT TWO QUESTIONS: Spring Fever's 20x3 balance sheet shows an Inventory account balance that is $4,000 higher

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Required Information USE THE FOLLOWING INFORMATION FOR THE NEXT TWO QUESTIONS: Spring Fever's 20x3 balance sheet shows an Inventory account balance that is $4,000 higher than the 20x2 balance. In addition, for 20x3 the ending balance in the accounts payable account is $7,000 higher than the end of 20x2. The company purchases all inventory on credit and accounts payable only includes transactions related to inventory. During 20x3, the company made purchases of Inventory from suppliers totaling $630,000. What was the company's Cost of Goods Sold for 20x3? Numeric Response

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