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Question - 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. $358,000
B. $174,100
C. $403,000
D. $313,000
write the headings of two large columns title one product costs and two period costs. under the product costs column
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