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Table 18-1 Iredell Limited has gathered the following information: Beginning inventory $150,000 Ending inventory 135,000 Beginning accounts payable 72,500 Ending accounts payable 81,700 Cost of
Table 18-1 Iredell Limited has gathered the following information: Beginning inventory $150,000 Ending inventory 135,000 Beginning accounts payable 72,500 Ending accounts payable 81,700 Cost of sales 368,000 Credit sales 572,100 Relates to the purchase of inventory only Refer to Table 18-1. The payments to suppliers for inventory during the period were: $343,800 $353,000 $368,000 $425,500
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