A business owner does not keep a complete set of accounting records. By the close of the accounting period, the following details are given. Trade payables: Opening balance $22\,500$ Closing balance $27\,400$ Returns outwards $1\,000$ Payments to trade payables $110\,600$ No cash purchases were made. Inventory at the start and at the end stayed at the same figure. What was the cost of sales?
- A$105\,700
- B$106\,700
- C$115\,500
- D$116\,500