At Fenbris, a distributor, cost of sales is 3,140,000 for the year. Inventory fell from 705,000 to 612,000 and supplier credit lengthened, payables moving from 433,000 to 529,000. Determine purchases and the amount paid to suppliers.
- Cost of sales
- 3,140,000
- Inventory at the start
- 705,000
- Inventory at the end
- 612,000
- Payables at the start
- 433,000
- Payables at the end
- 529,000