ABC Company's raw materials purchases for June, July, and August are budgeted at $52,000, $42,000, and $67,000, respectively. Based on past experience, ABC expects that 50% of a month's raw material purchases will be paid in the month of purchase and 50% in the month following the purchase. Required: Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August. Budgeted raw material purchases August cash payments Current month's purchases Prior month's purchases Total cash payments June July August D

ABC Company's raw materiais purchases for June, July, and August are budgeted at $52,000,$42,000, and $67,000, respectively. Based on past experience, ABC expects that 50% of a month's raw material purchases will be paid in the month of purchase and 50% in the month following the purchase. Required: Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August