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GG Pty Ltd's Accounting Records Show Determine the Amount of Cash Paid for Inventory for the }

Question 30

Multiple Choice

GG Pty Ltd's accounting records show:  Beginning Balance  Ending Balance 000000$$ Accounts payable 128 Inventory 2521 Cost of sales 50\begin{array}{lcc}&\text { Beginning Balance } & \text { Ending Balance } \\&{ }^{\prime} 000 & { }^{\prime} 000 \\&\$ & \$\\\text { Accounts payable } & 12 & 8 \\\text { Inventory } & 25 & 21 \\\text { Cost of sales } & - & 50\end{array} Determine the amount of cash paid for inventory for the period.


A) $42 000
B) $48 000
C) $58 000
D) $50 000

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