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Ivory Incorporated has forecast purchases on account to be $ 3 1 2 , 0 0 0 in March, $ 3 7 2 , 0

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Ivory Incorporated has forecast purchases on account to be $312,000 in March, $372,000 in April, $422,000 in May, and $492,000 in June. Assume that 70% of purchases are paid for in the month of purchase, and the remaining 30% are paid in the following month. What are budgeted cash payments for June?
Multiple Choice
$443,000
$471,000
$360,000
$295,000
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