ABC Company is preparing an Inventory Purchases Budget. Purchases for the current month and expected purchases for the next three months are listed below: June $310 July $260 Aug $400 Sept $390 All purchases are made on account. ABC's suppliers require that 70% of purchases on account be paid in the month of purchase. The remaining 30% are paid in the following month. What is August's total budgeted disbursements for inventory? $400 $260 $302 $358