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Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September $ 830,000 October $ 940,000 November

Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year:

September $ 830,000
October $ 940,000
November $ 860,000
December $ 780,000

At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase.

How much cash should Acti expect to pay out for raw material purchases during November?

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