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
a.$555,000-500+15+40
b.$577,000-600-23
c.$525,000-500+40-15
d.$475,000-500-40+15