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How do I get the total cash spent for inventory in 2013?
Accounts Payable
Jan 1, 2013 -- 200, 000
Dec 31, 2013 -- 240,000
COGS 2013 -- 900,000
Inventory
Jan 1, 2013 -- 300,000
Dec 31, 2013 -- 200,000
I was told that the correct answer is 760,000.
Accounts Payable
Jan 1, 2013 -- 200, 000
Dec 31, 2013 -- 240,000
COGS 2013 -- 900,000
Inventory
Jan 1, 2013 -- 300,000
Dec 31, 2013 -- 200,000
I was told that the correct answer is 760,000.
How to compute the total cash spent for inventory?
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