Answer:
$604,000
Explanation:
Given that,
Opening Closing
Inventory $112,000 $133,000
Accounts payable $55,000 $64,000
Cost of goods sold = $592,000
Cost of goods sold = Opening stock + Purchases - Closing stock
Purchases = Cost of goods sold - Opening stock + Closing stock
= $592,000 - $112,000 + $133,000
= $613,000
Bramble’s 2017 cash payments to suppliers:
= Opening accounts payable + Purchases - Closing accounts payable
= $55,000 + $613,000 - $64,000
= $604,000
