Question
The following numbers appear on a company's financial statements (assume accounts payable relates solely to inventory): COGS; $400,000 Open inventory: 50,000 Close inventory: 60,000 Open
The following numbers appear on a company's financial statements (assume accounts payable relates solely to inventory):
COGS; $400,000
Open inventory: 50,000
Close inventory: 60,000
Open acct payable: 100,000
Close acct payable: 150,000
What is the amount of inventory that was purchased with cash?
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Report On Trade Conditions In China
Authors: Harry R. Burrill, Raymond F. Crist
1st Edition
1138617806, 9781138617803
