The Following Information Is Available for the Brown Company for 2010

Multiple Choice

The following information is available for the Brown Company for 2010: $\begin{array}{ll}\text { Grosssprofit } & \$ 30,000 \\\text { Net sales } & 500,000 \\\text { Beginning inventory } & 220,000 \\\text { Ending inventory } & 40,000\end{array}$ What was the amount of net purchases?

A) $290, 000
B) $210, 000
C) $180, 000
D) $150, 000