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A company's production budget indicates the following production requirements: October, 2 1 3 , 0 0 0 units; November 1 7 8 , 0 0

A company's production budget indicates the following production requirements: October, 213,000 units; November 178,000 units, and December, 113,000 units. Each unit of finished goods requires 4 pounds of raw materials that cost $1.75 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
$604,674.
$885,222.
$791,926.
$679,350.

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