The section showing cash flow from operations, using the indirect method, for Electropin Company reported an increase

Question:

The section showing cash flow from operations, using the indirect method, for Electropin Company reported an increase in inventories during the year of $1,753 million and no change in for inventories. The direct method would show cash payments for inventory, purchased and manufactured, totaling $64,713 million. Compute Electropin’s cost of goods sold for the year.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...