Question: Based on the information below and considering that this company paid $213,500 in cash to its suppliers during the year, what is the company's cost

Based on the information below and considering that this company paid $213,500 in cash to its suppliers during the year, what is the company's cost of goods sold for 2015?

	1/1/2015	12/31/2015
Inventory	$122,400	$134,560
Accounts payable	$54,000	$123,000

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