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Using the following information and assuming that all inventory is purchased on account, compute cash paid for inventory:

Cost of goods sold $36,843

Inventory, beginning balance 3,110

Inventory, ending balance 2,982

Accounts payable, beginning balance 2,576

Accounts payable, ending balance 2,718

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9433342

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