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19. Billy Bob Tacos pays for 40% of its inventory purchases in the month of the purchase and the remainder in the following month.
19. Billy Bob Tacos pays for 40% of its inventory purchases in the month of the purchase and the remainder in the following month. The company's inventory purchases totaled $870,000 in October, $960,000 in November, and $720,000 in December. The company also paid for new equipment with a total cost of $520,000 in November and made an income tax payment of $130,000 in December. Salaries and wages were paid as follows: $310,000 in October, $300,000 in November and $295,000 in December. Determine the company's cash disbursements for November and December.
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