Month Budgeted Purchases August $110,200 September $142,800 October $98,700 November $105,500 December $145,970

The following data is related to Bulova Company: Bulova pays for its purchases using the following: 25% in the month of purchase 60% in the month following the purchase 15% two months following the purchase What amount is Bulova expecting to have in its accounts payable as of the end of November?