Question
Toro Company recognized $624,000 of cost of goods sold in 2019, in addition its implementation of a just-in-time inventory system allowed it to reduce its
Toro Company recognized $624,000 of cost of goods sold in 2019, in addition its implementation of a just-in-time inventory system allowed it to reduce its inventory from $313,000 at the beginning of the year to $230,000 at the end of 2019. How much cash did Toro spend for inventory in 2019?
| a. | $707,000 | |
| b. | $1,167,000 | |
| c. | $81,000 | |
| d. | $541,000 |
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
