Table 17-1
Iredell Company Has Gathered the Following Information $\text { Relates to the purchase of merchandise only }$

Table 17-1
Iredell Company has gathered the following information:
$\begin{array}{ll}\text { Beginning inventory } & \$ 150,000 \\\text { Ending inventory } & 135,000 \\\text { Beginning accounts payable* } & 72,500 \\\text { Ending accounts payable* } & 81,700 \\\text { Cost of goods sold } & 368,000 \\\text { Credit sales } & 572,100\end{array}$ * $\text { Relates to the purchase of merchandise only }$
-Refer to Table 17-1.The total purchases of merchandise for the period were:

A) $425,500
B) $368,000
C) $353,000
D) $343,800