All Purchases of Inventory Are for Cash

question 15

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

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Definitions:

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