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A company budgeted the following purchases for raw materials: Month January February March April May June July Budget $10,000 $20,000 $25,000 $22,000 $27,000 $30,000 $24,000

A company budgeted the following purchases for raw materials:

Month

January

February

March

April

May

June

July

Budget

$10,000

$20,000

$25,000

$22,000

$27,000

$30,000

$24,000

The company has a policy of paying for 50% of the purchases in the month of purchase, 30% in the month following the purchase, and 20% in the second month following the purchase.

Based on this information, what are the budgeted cash disbursements for June?

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