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The following information is available for Betty DeRose, Inc.: January 1, 2021 December 31, 2021 Accounts payable $74,000 $65,000 Inventory $50,000 $82,000 Betty DeRose reported
The following information is available for Betty DeRose, Inc.: January 1, 2021 December 31, 2021 Accounts payable $74,000 $65,000 Inventory $50,000 $82,000 Betty DeRose reported $130,000 of cash paid to suppliers for purchases of inventory in its 2021 cash flow statement. Calculate Betty's cost of goods sold for 2021.
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