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Culver Corporation had January 1 and December 31 balances as follows. ...

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Accounting

Culver Corporation had January 1 and December 31 balances as follows.

1/1/17

12/31/17
Inventory $112,000 $131,000
Accounts payable 50,000 56,000

For 2017, cost of goods sold was $553,000. Compute Culvers 2017 cash payments to suppliers.

Cash payments to suppliers

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