The Following Information Is Available for Quiny Inc Cost of Goods Sold for 2020 Was
A) $715,000

Multiple Choice

The following information is available for Quiny Inc. for 2020: $\begin{array}{llcc} \text { Disbursements for purchases........................ } &\$715,000 \\ \text {Increase in trade accounts payable................. } &63,800\\ \text { Decrease in merchandise inventory.............. } &30,800\\\end{array}$
Cost of goods sold for 2020 was

A) $715,000.
B) $778,800.
C) $770,000.
D) $809,600.