Hardy Company's cost of goods sold is consistently 70% of sales.

Hardy Company's cost of goods sold is consistently 70% of sales. The company plans ending merchandise inventory for each month equal to 20% of the next month's budgeted cost of goods sold. All merchandise is purchased on credit, and 50% of the purchases made during a month is paid for in that month. Another 45% is paid for during the first month after purchase, and the remaining 5% is paid for during the second month after purchase. Expected sales are August (actual), $395,000; September (actual), $400,000 : October (estimated), $310,000; and November (estimated), $340,000. Use this information to determine October's expected cash payments for purchases. Use this information to determine October's expected cash payments for purchases