In 2020, Nutrient Company Reported Sales of $725,000 and Cost

Multiple Choice

In 2020, Nutrient Company reported sales of $725,000 and cost of goods sold of $480,000. During 2020, Nutrient's Inventory account increased $25,000 and its Accounts Payable account (which
Relates solely to the purchase of merchandise) decreased $18,000. Nutrient Company's payments to suppliers for inventory during 2020 were:

A) $473,000
B) $437,000
C) $523,000
D) $487,000