37 Material purchases January $13,000 Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming these month February March 15,110 $11,930 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 $7600. The expected January 31 Accounts Payable balance Mule Ch O $13,000 $10.300 $7000 $1555 630