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At the end of August, Augustine Co. had $96,500 in inventory. At the end of September, there was $82,500 in inventory. September cost of goods
At the end of August, Augustine Co. had $96,500 in inventory. At the end of September, there was $82,500 in inventory. September cost of goods sold was $463,500. During September, $102,500 was paid to suppliers for purchases made in August, and $10,500 was paid for purchases made prior to August. The company pays for 80% of a month's purchases in the month of the purchase. What is the total amount of cash disbursements made in September for purchases
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