16) Knee Deep Company produces compression materials to assist in joint healing. The company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Material purchases To tes January $ 12,280 February $ 14,390 March $ 11,210 diw dinom rose bns of athew Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $6,400. The expected.com January 31 Accounts Payable balance is: A) $6,400. B) $7,195. C) $12,280. D) $6,140. E) $9,340. (A 18 D 020