Center Products Company

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Center Products Company prepared its statement of cash flows at year-end using the direct method. The following amounts were used in the computation of cash flows from operating activities:

Beginning inventory

300,000.00

Ending inventory

150,000.00

Cost of good sold

1,300,000.00

Beginning accounts payable

400,000.00

Ending accounts payable

200,000.00

(a) What amount should Center Products Company report as cash paid to suppliers for inventory purchases?

(b) Present your calculations to assist others to understand the value you present as the cash paid to suppliers for inventory purchases.

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