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 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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