A company has budgeted direct materials purchases of $210000 in July and $390000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted:

Wages Expense	$50000
Purchase of office equipment	62000
Selling and Administrative Expenses	38000
Depreciation Expense	26000

The budgeted cash disbursements for August are

$448000.

$486000.

$512000.

$336000.