GG Pty Ltd's Accounting Records Show Determine the Amount of Cash Paid for Inventory for the c

question 63

Multiple Choice

GG Pty Ltd's accounting records show: $$\begin{array} { l c c } & \text { Beginning Balance } & \text { Ending Balance } \\& \text { '000 } & \text { '000 } \\& \$ & \$ \\\text { Accounts payable } & 12 & 8 \\\text { Inventory } & 25 & 21 \\\text { Cost of sales } & - & 50\end{array}$$ Determine the amount of cash paid for inventory for the period.

• A)$42,000.
• B)$48,000.
• C)$58,000.
• D)$50,000.

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