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Galina, Inc. has prepared the following direct materials purchases budget Month Budgeted DM Purchases June $67,000 July 78,000 August 77,800 September 74,500 October 77,600 All
Galina, Inc. has prepared the following direct materials purchases budget Month Budgeted DM Purchases June $67,000 July 78,000 August 77,800 September 74,500 October 77,600 All purchases are paid for as follows 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate the budgeted balance of accounts payable at the end of October O A. $54,010 OB. $15,210 OC. $7,450 OD. $46,560
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