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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