A company's production budget indicates the following production requirements: October, 210,000 units; November 175,000 units, and December, 110,000 units. Each unit of finished goods requires 5 pounds of raw materials that cost $1.50 per pound. The company maintains raw materials inventory equal to 25% of the next month's production requirements. The company pays for 30% 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

• $1,034,678.

• $778,252.

• $833,438.

• $942,914.