ABC company's Inventory balance at 12/31 of the current year was $200,433 and was $190,043...
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ABC company's Inventory balance at 12/31 of the current year was $200,433 and was $190,043 at 12/31 of the previous year. Its Accounts Payable balance at 12/31/current year was $79,090 and was $83,946 at 12/31/previous year, and its cost of goods sold for the current year was $720,343. The company's total amount of cash payments for merchandise in the current year equals:
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