Calculate betty cost of goods sold

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Question - The following information is available for Betty DeRose, Inc.:

 

January 1, 2021

December 31, 2021

Accounts payable

$65,000

$50,000

Inventory  

$82,000

$74,000

Betty DeRose reported $130,000 of cash paid to suppliers for purchases of inventory in its 2021 cash flow statement.

Calculate Betty's cost of goods sold for 2021.

Reference no: EM132044815

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