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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