Budgeted purchases for Kelsey Company for the first quarter of the current year The company pays for 60 percent of its purchases in the month of purchase and 40 following month. Each month overhead costs amount to $25, 000 (including $5, 000) and selling and administrative costs amount to $34, 000. Refer to Figure B. Kelsey's budgeted cash payments on accounts payable for a $220, 000 b. $330, 000 c. $280, 000 d. $300, 000 Refer to Figure B Kelsey's total budgeted cash payments for February are $280, 000 $366, 900 $371, 900 $312, 000