ABC Companys raw materials purchases for June, July, and August are budgeted at $53,000, $43,000, and $68,000, respectively. Based on past experience, ABC expects that 60% of a months raw material purchases will be paid in the month of purchase and 40% in the month following the purchase.

Required:

Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August.

ABC Company's raw materials purchases for June, July, and August are budgeted at $53,000,$43,000, and $68,000, respectively. Based on past experience, ABC expects that 60% of a month's raw material purchases will be paid in the month of purchase and 40% in the month following the purchase. Required: Prepare an analysis of cash disbursements from raw materials purchases for ABC Company for August