Matting's Ice Cream Co. budgeted production of 925,000 Sugar is required to make ice cream. Assume 15 ounces of sugar are required for each tub of ice cream. The estimated January 1 sugar inventory is 12,000 pounds. The desired December 31 sugar inventory is 16,000 pounds. If sugar costs $0.94 per pound, determine the direct materials purchases budget for the year tubs of ice cream for the year. Matting's Ice Cream Co. pays 30% of its purchases on account in the month of the purchase and 70% in the month following the purchase. If purchases are budgeted to be $75,000 for October and $45,000 for November, what are the budgeted cash payments for purchases on account for November