Calder Water Company has budgeted direct materials inventory purchases as follows: October $300,000 November. $370,000 December 5410,000 Calder pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase. What is the budgeted accounts payable balance on December 31? Calder Water Company has budgeted direct materials inventory purchases as follows: October $300,000 November: 5370000 December $410,000 Calder pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase. What is the budgeted accounts payable balance on December 317 O A 5328,000 OB. $402,000 OC. $410,000 OD. $365.000