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A company has budgeted direct materials purchases of $320000 in July and $480000 in August. Past experience indicates that the company pays for 70% of

A company has budgeted direct materials purchases of $320000 in July and $480000 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 $110000 Purchase of office equipment 68000 Selling and Administrative Expenses 45000 Depreciation Expense 32000 The budgeted cash disbursements for August are

A.$432000.

B.$687000.

C.$655000.

D.$610000.

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