Ashland Corporation is preparing its cash budget for October. The following information is available concerning its inventories:

Required What are the estimated cash disbursements in October?

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Inventories at beginning of October Estimated purchases for October Estimated cost of goods sold for October Estimated payments in October for purchases in September Estimated payments in October for purchases prior to September Estimated payments in October for purchases in October $ 90,000 440,000 450,000 110,000 20,000 70%