Question 25 4 pts Tan Company purchases all raw materials on account. Projected raw materials purchases for the first three months of 2020 are as follows: January = 1000 pounds, February - 1600 pounds and March = 1600 pounds. The purchase price of each pound is $5. Management xpects the following payment pattern: 40% of purchases are paid for in month of purchase and 608 are paid for in next month. Cash payments for purchases of raw materials for February are: $5600 $6600 $8000 $6200