Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: February $ 14,810 January $ 12,700 Multiple Choice March $11,630 Material purchases Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $7,100. The budgeted cash payments for materials in January are:

Fortune Company's direct materials budget shows the following cost of materials to be puichased for the coming three months: Payments for purchases are expected to be made 50% in the month of putchase ond 50% in the month following purchase. The December Accounts Payoble balance is $7,100. The budgeted cash payments for materieis in January are: Fortune Company's direct materials budget shows the following cost of materials to be puichased for the coming three months: Payments for purchases are expected to be made 50% in the month of putchase ond 50% in the month following purchase. The December Accounts Payoble balance is $7,100. The budgeted cash payments for materieis in January are