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How much is the cash paid for merchandise purchased

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Question - A company reported cost of goods sold of $1,760,000 for the year. During the year, inventory increased from a $92,000 beginning balance to a $140,000 ending balance, and accounts payable increased from a $48,000 beginning balance to a $56,000 ending balance. How much is the cash paid for merchandise purchased during the year?

a. $1,660,000

b. $1,800,000

c. $1,808,000

d. $1,704,000

Reference no: EM132745832

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