What was the amount of payments to suppliers of inventory

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Reference no: EM13776939

A company's inventory account increased $26,500 and its accounts payable account decreased $18,250 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and cost of goods sold was $532,700. What was the amount of payments to suppliers of inventory?

Reference no: EM13776939

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