For the next two (2) questions: DEF Co. has provided the following data: Inventory December 31, 2021 P1,500,000 950,000 December 31, 2022 P1,400,000 980,000 Accounts payable For 2022, cost of goods purchased was P8,300,000 while cash purchases of inventory amounted to P1,300,000. 3. How much is the cost of goods sold in 2022? 4. What is the total amount of cash paid to suppliers in 2022?
For the next two (2) questions: DEF Co. has provided the following data: Inventory December 31, 2021 P1,500,000 950,000 December 31, 2022 P1,400,000 980,000 Accounts payable For 2022, cost of goods purchased was P8,300,000 while cash purchases of inventory amounted to P1,300,000. 3. How much is the cost of goods sold in 2022? 4. What is the total amount of cash paid to suppliers in 2022?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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