Question: Key Locks Group uses the direct method for its statement of cash flows and provides the following account balances: Required Calculate cash paid to suppliers

Key Locks Group uses the direct method for its statement of cash flows and provides the following account balances:

Required
Calculate cash paid to suppliers for inventory.

Inventory, beginning of year Inventory, end of year Accounts payable, beginning of year Accounts payable, end of year Cost of goods sold during the year $ 55,000 40,000 15,000 10,000 175,000

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