Fertilizer Incorporated Reports an Increase in Accounts Payable of $9,200

Multiple Choice

Fertilizer Incorporated reports an increase in Accounts Payable of $9,200 and an increase in inventory of $45,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $532,100 and cost of goods sold was $358,000. The total purchases of merchandise for the period were:

A) $174,100
B) $403,000
C) $358,000
D) $313,000