What would be the cost of goods sold


Last year Cumley Company reported a cost of goods sold of $91,700. Inventories increased by $22,700 during the year, and accounts payable decreased by $12,300. The company uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. what would be the cost of goods sold adjusted to a cash basis ?

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Accounting Basics: What would be the cost of goods sold
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