C-Swiss, a Swedish firm specializing in communication networks, reported a balance in Inventories of SEK21,500 million at the beginning of 2013 and SEK22,500 million at the end of 2013 . During 2013, C-Swiss reported SEK114,100 million in Cost of Sales. How much was C-Swisss' inventory purchases during 2013? [Assume that all of C-Swisss' inventory purchases are made on account and C-Swiss applies
IFRS, as well as reports its results in millions of Swedish kronor (SEK).]
a. SEK115,300 million
b. SEK115,200 million
c. SEK115,100 million
d. SEK113,100 million
e. none of the above
C
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