Answered

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The following data is from Los Altos, Inc.:
Cost of goods sold $108,000
Inventory, January 1 19,000
Inventory, December 31 22,000
Accounts payable, January 1 11,000
Accounts payable, December 31 7,000

Using the above data, calculate the cash Los Altos, Inc. paid for merchandise purchased: $

Sagot :

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