Use the Information Below to Answer the Following Questions -The Amount of Inventory Purchased During the Year Was:
A)

Use the information below to answer the following questions:
$\begin{array}{lr}\text { Inventory } 1 \text { July } 2011 & 20000 \\ \text { Inventory 30 June 2012 } & 30000 \\ \text { Accounts payable 1 July 2011 } & 38000 \\ \text { Accounts payable 30 June 2012 } & 47000 \\ \text { Cost of goods sold } & 500000\end{array}$
-The amount of inventory purchased during the year was:

A) $490 000
B) $500 000
C) $510 000
D) $520 000.