The financial statements of Wolverines Company showed the following:

Cost of Goods Sold: $725,000 Merchandise Inventory: Beg. Balance $45,000 and Ending Balance$56,000 Accounts Payable: Beg. Balance $37,000 and Ending Balance $42,000 Assuming all inventory is purchased on credit, determine the cash paid to suppliers using the direct method.

A) $731,000 

C) $736,000

B) $719,000 

D) $714,000

 

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