A company's production budget indicates the following production requirements: October, 217,000 units; November 182,000 units, and December, 117,000 units. Each unit of finished goods requires 6 pounds of raw materials that cost $2.75 per pound. The company maintains raw materials inventory equal to 25% of the next month's production requirements. The company pays for 40% of its raw material purchases in the month of purchase. The remainder is paid the next month. The companys accounts payable balance at the end of November is closest to:

Multiple Choice

$1,846,993.

$1,757,301.

$1,565,741.

$1,640,925.