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Adi Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September October November December $808,000 $1,118,000 $1,032.000

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Adi Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September October November December $808,000 $1,118,000 $1,032.000 $862,000 At Adi, 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. In Adi's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown? O $862,000 $344,800 $619,200 $517,200

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