COTB MC Qu. 8-78 (Algo) A company's production budget indicates the... A company's production budget indicates the following production requirements: October, 225,000 units; November 190,000 units, and December, 125,000 units. Each unit of finished goods requires 6 pounds of raw materials that cost $2.50 per pound. The company maintains raw materials inventory equal to 20% of the next month's production requirements. The company pays for 40% of its raw material purchases in the month of purchase. The remainder is paid the next month. The company's accounts payable balance at the end of November is closest to: Multiple Choice $1,514,970. $1,806,588. $1,593,000. $1,717,381