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Finch Company began its operations on March 3 1 of the current year. Finch has the following projected costs: * Of the manufacturing costs, three

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:
*Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month.
**Insurance expense is $990 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October).
*** Property tax is paid once a year in November.
The cash payments for Finch Company expected in the month of June are
a. $252,500
b. $49,000
c. $203,500
d. $154,500
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