Business, 31.10.2019 02:31 drivinghydra

Ll inventory is purchased on account, and all accounts payable relate to inventory. the beginning balance in accounts payable was $352,000, and the ending balances in inventory and accounts payable were $360,000 and $472,000, respectively. a total of $272,000 was paid to suppliers during the year, and cost of goods sold for the year was $544,000. what was the beginning balance in inventory?

a.$752,000
b.$512,000
c.$352,000
d.$208,000
e. none of the above.

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Ll inventory is purchased on account, and all accounts payable relate to inventory. the beginning ba...