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Calculate the cost of goods purchased and cash payments

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Reference no: EM132583464

Oriole Sports wear Inc. reported the following in its December 31, 2021, financial statements.

                                                  2021                2020

Inventory                              $37,808      $34,000

Accounts payable                     42,296         37,400

Cost of goods sold                         60,860        $0

Question 1: Calculate the cost of goods purchased, and cash payments to supplier

Reference no: EM132583464

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