Based on the information below and considering that this company paid $322,500 in cash to...
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Accounting
Based on the information below and considering that this company paid $322,500 in cash to its suppliers during the year what is the company's cost of goods sold for 2015? Assume that the only source of Accounts Payable is the purchase of inventory on credit. 1/1/2015 12/31/2015 $23,400 $34,560 Accounts payable S354,000 $223,000 Inventory Select one: a. $311,340 b. $322,500 c. $442,340 d. $180,340 ? 00?@@ arch
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