If Cost of Sales Is $300 000, Inventory Has Increased

question 14

Multiple Choice

If cost of sales is $300 000, inventory has increased by $12 000 and creditors have decreased by $20 000 what is the amount of cash paid for the purchase of goods for resale?

• A) $332 000
• B) $320 000
• C) $288 000
• D) $268 000