During 20X4, Nancy Company had total Cost of Goods Sold of $500,000 and total Sales of...

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During 20X4, Nancy Company had 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 $60,000 and $100,000, respectively. 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 $100,000 and $77,000, respectively. Compute the amount of cash paid for inventory during 20X4. O $555,000 - 500 + 15 + 40 $577,000 - 600 - 23 $525,000 - 500+ 40 - 15 O $475,000 - 500 - 40 + 15 During 20X4, Nancy Company had 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 $60,000 and $100,000, respectively. 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 $100,000 and $77,000, respectively. Compute the amount of cash paid for inventory during 20X4. O $555,000 - 500 + 15 + 40 $577,000 - 600 - 23 $525,000 - 500+ 40 - 15 O $475,000 - 500 - 40 + 15