A company has budgeted direct materials purchases of $370000 in July and $470000 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	$210000
Purchase of office equipment	78000
Selling and Administrative Expenses	50000
Depreciation Expense	42000

The budgeted cash disbursements for August are

$820000. A

$728000. B

$778000. C

$440000. D