What was the amount of payments to supplier of inventory

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Reference no: EM13913073

A company's Inventory account increased $26,800 and its Accounts payable account decreased $18,240 during the year. The accounts payable relates only to the acquisition of inventory. Sales were $789,500 and Cost of goods sold was $532,700. What was the amount of payments to the supplier of inventory?

$559,500

$541,260

$577,740

$532,700

Reference no: EM13913073

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