Bobcat Farms reported supplies expense of $2 million this year. The supplies account decreased by $200,000 during the year to an ending balance of $400,000. What was the cost of supplies of the Bobcat Farms purchased during the year?
a. $1.6 million
b. $1.8 million
c. $2.2 million
d. $2.4 million
Answer: b. $1.8 million
Business
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