Question

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise.


Cost of good sold $536,000
Merchandise inventory, January 1 64,800
Merchandise inventory, December 31 57,000
Accounts payable, January 1 64,400
Accounts payable, December 31 59,000

A. $522,800
B. $533,600
C. $528,200
D. $536,000
E. $543,800

Answer

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