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Galina, Inc. has prepared the following direct materials purchases budget: All purchases are paid for as follows: 10% in the month of purchase, 50% in

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Galina, Inc. has prepared the following direct materials purchases budget: All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate the budgeted balance of accounts payable at the end of October. A. $61,160 B. $99,160 C. $30,760 D. $68,400

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