Kasson Company has budgeted units to be produced for the

next five months as follows:

June

July

August

September

October

budgeted units to be produced

15,000

12,000

22,000

11,000

18.000

Kason Company used the following information in creating

its master budget for the year:

1. Ending direct materials inventory for each month should be

equal to 140% of the next month's production needs.

2. Each unit produced requires 2.5 pounds of direct materials.

3. Direct materials are purchased for $2.30 per pound.

Kasson Company pays for 65% of a month's purchase of direct

materials in the month of purchase, 25% of a month's purchase

of direct materials is paid in the month after purchase,

and

the final 10% is paid in the second month after the month of

purchase.

Calculate Kasson Company's budgeted accounts payable at

September 30