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  3. a company's inventory balance at the end of the ye

A company's Inventory balance at the end of the year was $198,800 and $212,000 at...

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Accounting

A company's Inventory balance at the end of the year was $198,800 and $212,000 at the beginning of the year. Its Accounts Payable balance at the end of the year was $96,000 and $90,800 at the beginning of the year, and its cost of goods sold for the year was $732,000. The company's total amount of cash payments for merchandise inventory during the year equals:

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