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ABC Corporation is budgeting to determine how much cash they will pay each month due to purchases of raw materials. ABC Corporation pays for 30%

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ABC Corporation is budgeting to determine how much cash they will pay each month due to purchases of raw materials. ABC Corporation pays for 30% of their purchases in the month of purchase, 60% in the following month, and 10% two months after the purchase. ABC Corporation purchases in June totaled $129,000. Purchases for each month of the third quarter are below: August Stber $120,000 July Cost of raw material to be purchased $140,000 $180,000 What amount of total cash disbursements are budgeted in August for raw materials purchases

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