Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: January February March Material purchases $ 12,400 $ 14,510 $ 11,330

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 $6,600. The budgeted cash payments for materials in January are:

$13,455. $19,000. $9,500. $6,600. $12,800.