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Based on the information below and considering that this company paid $322,500 in cash to its suppliers during the year, what is the company's cost

Based on the information below and considering that this company paid $322,500 in cash to its suppliers during the year, what is the company's cost of goods sold for 2015?

1/1/2015 12/31/2015
Inventory $23,400 $34,560
Accounts payable $354,000 $223,000

Select one:

a. $311,340

b. $180,340

c. $322,500

d. $442,340

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