Multiple Choice
All purchases of inventory are for cash. If inventory at the beginning of the year is $63,000 and at the end $88,000 and the cost of sales is $200,000, the cash paid for inventory purchased for the year is:
A) $175,000.
B) $225,000.
C) $200,000.
D) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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