Metro, Incorporated sells backpacks. The Company's accountant is preparing the purchases budget for the first quarter operations. Metro maintains ending inventory at 15% of the following month's expected cost of goods sold. Expected cost of goods sold for April is $78,000. All purchases are made on account with 30% of accounts paid in the month of purchase and the remaining 70% paid in the month following the month of purchase.

Sales	January	February	March
Budgeted cost of goods sold	$ 44,000	$ 58,000	$ 64,000
Plus: Desired ending inventory	8,700
Inventory needed	52,700
Less: Beginning inventory	(6,600)
Required purchases	$ 43,900

Based on this information the total cash paid in March to settle accounts payable is

Multiple Choice

$41,230.

$61,060.

$66,100.

$19,830.