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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

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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 company's accounts payable balance at the end of November is closest to Multiple Choice $778, 252 $1.034,678 $942,914 $833,438

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