Budgeted Accounts Receivable September October November Total Sept. (50%) $5,000 October November Budgeted Inventory Purchases September October November Total Sales $40,000 COGS (70%) $28,000 Add: Desired End. Inv. (40%) 20,000 Less: Beginning Inv. (23,600) Budgeted purchases $24,400 Budgeted Payments for Purchases September October November Total August purchases $15,000 Sept. purchases (60%; 40%) Oct. purchases (60%; 40%) Nov. purchases (60%) Total payments $100,960 Budgeted Accounts Payable September October November Total Sept. (40%) $9,760 October November 9-1