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What is mercer cost of goods sold

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Question - The Mercer Company uses the cash basis of accounting. Mercer Company made $500,000 in payments to its suppliers during the year. Mercer's beginning inventory was $20,000, and its ending inventory was $35,000. In addition, Mercer had a beginning accounts payable of $50,000 and an ending accounts payable of $70,000. What is Mercer's cost of goods sold under the accrual basis of accounting?

Reference no: EM131865362

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