(Answered) Question - a company reported cost of goods sold of 400000

Accounting

Question - A company reported cost of goods sold of $400,000 for the year. During the year, inventory increased from a $23,000 beginning balance to a $35,000 ending balance, and accounts payable increased from a $12,000 beginning balance to a $14,000 ending balance.

How much is the cash paid for merchandise purchased during the year?

A. $426,000

B. $452,000

C. $430,000

D. $410,000

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