During the most recent fiscal year,a company's inventory account increased $45,200 and its accounts payable account decreased $20,800.If the accounts payable is solely related to inventory purchases and sales are $1,500,000 and cost of goods sold is $1,030,000,then what is the amount of payments made to inventory suppliers?
A)$536,000
B)$66,000
C)$1,054,400
D)$1,096,000
E)None of the answer choices is correct.

Question

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The Answer of During the most recent fiscal year,a company's inventory account increased $45,200 and its accounts payable account decreased $20,800.If the accounts payable is solely related to inventory purchases and sales are $1,500,000 and cost of goods sold is $1,030,000,then what is the amount of payments made to inventory suppliers?
A)$536,000
B)$66,000
C)$1,054,400
D)$1,096,000
E)None of the answer choices is correct.

During the Most Recent Fiscal Year,a Company's Inventory Account Increased