Question: The section showing cash flow from operations using the indirect

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 accounts payable 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.

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  • CreatedMarch 04, 2014
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