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Ivory Inc. has forecast purchases on account to be $318,000 in March, $378,000 in April$428,000 in May, and $498,000 in June, Seventy percent of purchases

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Ivory Inc. has forecast purchases on account to be $318,000 in March, $378,000 in April$428,000 in May, and $498,000 in June, Seventy percent of purchases are paid for in the month of purchase, the remaining 30% are paid in the following month. What are budgeted cash payments for June? 38-35 Multiple Choice 5477.000 5290.000 5354000

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