A company has budgeted direct materials purchases of $390000 in July and $490000 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. All selling and administrative expenses are paid in cash as incurred. During August, the following items were budgeted: Wages Expense Purchase of office equipment Selling and Administrative Expenses Depreciation Expense $160000 O $739000. O $780000. O $460000. O $692000. 72000 47000 41000 Budgeted cash disbursements for August are

A company has budgeted direct materials purchases of $390000 in July and $490000 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. All selling and administrative expenses are paid in cash as incurred. During August, the following items were budgeted: Budgeted cash disbursements for August are $739000.$780000$460000$692000