The following data relate to the Greg Norman Corporation:
|
Beginning inventory |
$14,000 |
|
Ending inventory |
12,000 |
|
Beginning accounts payable (for merchandise) |
2,200 |
|
Ending accounts payable (for merchandise) |
1,600 |
|
Cost of goods sold (accrual basis) |
92,000 |
The amount of cash payments to suppliers for merchandise during the period is:
- $94,600.
- $93,400.
- $90,600.
- $89,400.