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Heely Co. has the following projected sales in units for the first quarter of 20x2: January 10373 February 17195 March 12071 Heely Co.s budget is

Heely Co. has the following projected sales in units for the first quarter of 20x2:

January

10373

February

17195

March

12071

Heely Co.s budget is based on the following assumptions: 36% of all purchases of merchandise are paid in the month purchased and the remainder in the following month. The number of units in each months ending inventory is equal to 60% of the next months units of sales.

The cost of each unit of inventory is $15.

What is the companys accounts payable balance at the end of February?

Select one:

a. $24438

b. $135558

c. $76251

d. $165072

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