Willoughby Company Purchased Inventory on Account for $735,000

Multiple Choice

Willoughby Company purchased inventory on account for $735,000. Throughout the year inventory valued at $610,000 was sold for $762,500. Beginning and ending accounts payable balances were $90,000 and $60,000, respectively. Willoughby Company paid _ to its suppliers.

A) $640,000
B) $765,000
C) $705,000
D) $580,000