Simmo Education had cost of goods sold of $42 000 for the year. The beginning inventory was

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Simmo Education had cost of goods sold of $42 000 for the year. The beginning inventory was $40 000 and the ending inventory was $61 000. The beginning accounts payable was $35 000 and the closing balance was $50 000. How much inventory was purchased during the period? How much cash was paid to the suppliers?

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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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