a company reported cost of goods sold of $1,240,200 for the year. during the year, inventory increased from a $270,000 beginning balance to a $324,000 ending balance, and accounts payable increased from a $84,600 beginning balance to a $99,000 ending balance. how much cash was paid for merchandise purchased during the year?

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07-12-2022
Business

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a company reported cost of goods sold of $1,240,200 for the year. during the year, inventory increased from a $270,000 beginning balance to a $324,000 ending balance, and accounts payable increased from a $84,600 beginning balance to a $99,000 ending balance. how much cash was paid for merchandise purchased during the year?

Sagot :

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