Use the information provided about the current year operations of Upper Down Company to calculate cash paid for merchandise.
A) $111,600.
B) $112,900.
C) $112,800.
D) $111,200.
E) $110,800.

Name: Use the information provided about the current year operations of Upper Down Company to calculate cash paid for merchandise. A) $111,600. B) $112,900. C) $112,800. D) $111,200. E) $110,800.
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Question

Quizplus · Accepted Answer

Cash paid for merchandise = Beginning inventory + Purchases - Ending inventory= $108,000 + $115,000 - $109,400= $111,600

Use the Information Provided About the Current Year Operations of Upper