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Lough Company prepared the following purchases budget: Month Budgeted Purchases June RM40,000 July RM41,000 August RM39,700 September RM47,000 October RM49,600 All purchases are paid for

Lough Company prepared the following purchases budget:

Month

Budgeted Purchases

June

RM40,000

July

RM41,000

August

RM39,700

September

RM47,000

October

RM49,600

All purchases are paid for as follows: 25% two months after purchase, 45% in the following month, and 30% in the month of purchase.

Calculate the total cash disbursements in October to account for the purchase of merchandise at Lough Company?

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