Schick Company reported cost of goods sold of €192,000 on its 2014 income statement. The company's beginning inventory was €35,000. The ending inventory was valued at €40,000. The Accounts Payable balance at January 1 was €25,000. The December 31 balance in Accounts Payable was €22,000.
Instructions
Compute cash payments to suppliers.

Question

Quizplus · Accepted Answer

The Answer of Schick Company reported cost of goods sold of €192,000 on its 2014 income statement. The company's beginning inventory was €35,000. The ending inventory was valued at €40,000. The Accounts Payable balance at January 1 was €25,000. The December 31 balance in Accounts Payable was €22,000.
Instructions
Compute cash payments to suppliers.

Schick Company Reported Cost of Goods Sold of €192,000 on Its