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During 2 0 X 4 , Kamas Company had a total Cost of Goods Sold of $ 5 0 0 , 0 0 0 and

During 20X4, Kamas Company had a total Cost of Goods Sold of $500,000 and total Sales of $600,000. The beginning and ending balances in the accounts PAYABLE account are respectively $60,000 and $100,000. The beginning and ending balances in the inventory account are $120,000 and $135,000, respectively. The beginning and ending balances in the accounts RECEIVABLE account are respectively $100,000 and $77,000.
Compute the amount of cash paid for inventory during 20X4.
$525,000
$577,000
$475,000
$555,000

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