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Alliance Construction is estimating the following raw material purchases for the final four months of the year September: $800,000 October $840,000 November. $740,000 December $760,000

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Alliance Construction is estimating the following raw material purchases for the final four months of the year September: $800,000 October $840,000 November. $740,000 December $760,000 At Alliance, 30 % of raw materials purchases are normally paid for in the month of purchase. The remaining 70 % is paid for in the month following the purchase. How much cash should Alliance expect to pay out for the raw material purchases during November? Select one a. $810,000 b. $70,000 C c $474.000 O d. $770,000

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