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    mozammel's Avatar
    mozammel Posts: 1, Reputation: 1
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    #1

    Apr 10, 2014, 08:39 AM
    Accounting question about COGS. What was the COGS for the current year?
    Assume cash paid to suppliers for the current year is $350 000, merchandise inventory increased by $5000 during the year, and accounts payable decreased by $10000 during the year. What was the cost of goods sold for the current year?
    Please show the calculation
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Apr 10, 2014, 01:45 PM
    Show us your calculations and we may be able to help. We don't do your homework.
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