A company has budgeted direct materials purchases of $240000 in July and $410000 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	$60000
Purchase of office equipment	63000
Selling and Administrative Expenses	39000
Depreciation Expense	27000

The budgeted cash disbursements for August are

$521000.

$482000.

$359000.

$548000.