Compute what is the company cost of good sold

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Question 1: Based on the information below and considering that this company paid $100,000 in cash to its suppliers during the year, what is the company's cost of good sold? Assume that the only source of Account Payable is the purchase of inventory on credit.

1/20 inventory: $122,400

12/20 inventory: $123,500

1/20 AP: $54,000

12/20 AP: $0

Reference no: EM132542084

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