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Advance Engineering makes payments on its inventory purchases as follows: 3 0 % in the month of purchase, 5 0 % in the following month,

Advance Engineering makes payments on its inventory purchases as follows: 30% in the month of purchase, 50% in the following month, and 20% in the second month following purchase. Budgeted inventory purchases for June, July, and August are $50,000, $43,000 and $56,000, respectively. Cash payments for inventory in August are budgeted at ________.
$40,500
$51,900
$56,000
$48,300

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