The following information is available for a company. What amount of cash is paid for inventory for the current year?

a. $545,000

b .$554,800

c. $540,800

d .$535,200

e. $549,200

Transcribed Image Text:

Cost of goods sold ...... Inventory, prior year-end.. Inventory, current year-end. Accounts payable, prior year-end.... Accounts payable, current year-end.... $545,000 105,000 112,000 98,500 101,300