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ABC Company is preparing an Inventory Purchases Budget. Purchases for the current month and expected purchases for the next three months are listed below: Sept
ABC Company is preparing an Inventory Purchases Budget. Purchases for the current month and expected purchases for the next three months are listed below: Sept $330 Oct $230 Nov $440 Dec $470 All purchases are made on account. ABC's suppliers require that 80% of purchases on account be paid in the month of purchase. The remaining 20% are paid in the following month. What is October's total budgeted disbursements for inventory? $230 $250 $310 5330
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