Toro Company Recognized $655,000 of Cost of Goods Sold in 2010,in

question 83

Multiple Choice

Toro Company recognized $655,000 of cost of goods sold in 2010,in addition its implementation of a just-in-time inventory system allowed it to reduce its inventory from $325,000 at the beginning of the year to $230,000 at the end of 2010.How much cash did Toro spend for inventory in 2010?

• A) $655,000
• B) $980,000
• C) $560,000
• D) $620,000

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