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The following information is available for Bestway Company. What amount is paid for merchandise for the current year (2012)? Cost of goods sold $872,000 Merchandise

The following information is available for Bestway Company. What amount is paid for merchandise for the current year (2012)?

Cost of goods sold

$872,000

Merchandise inventory, 12/31/11

123,000

Merchandise inventory, 12/31/12

114,000

Accounts Payable 12/31/11

104,000

Accounts Payable 12/31/12

97,000

A.

$870,000

B.

$888,000

C.

$874,000

D.

$856,000

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