Question: Toro Company recognized $ 1 , 6 0 0 , 0 0 0 of cost of goods sold during the year, in addition its implementation

Toro Company recognized $1,600,000 of cost of goods sold during the year, in addition its implementation of a just-in-time inventory system allowed it to reduce its inventory from $325,000 at the beginning of the year to $285,000 at the end of the year. How much cash did Toro spend for inventory during the year?
a. $1,655,000
b. $1,560,000
c. $1,695,000
d. $1,600,000

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