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merry company uses the cash basis of accounting. merry company made $600,000 in payments to...

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Accounting

merry company uses the cash basis of accounting. merry company made $600,000 in payments to its suppliers during the year. merry's beginning inventory was 20000 and its ending inventory was 35000. in addition merry had a beginning accounts payable of 40000 and a ending accounts payable of 70000. what is merrys cogs under the accrual basis of accounting? a. 600000 b. 585000 c. 625000 d. 615000

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