Merchandise Inventory Increased $28,000 and Accounts Payable Decreased $19,600 During

Multiple Choice

Merchandise Inventory increased $28,000 and Accounts Payable decreased $19,600 during the year.Accounts Payable relates only to the acquisition of merchandise inventory.Sales were $796,000 and Cost of Goods Sold was $549,700.Compute the payment made to the suppliers for inventory.

A) $577,700
B) $569,300
C) $597,300
D) $47,600