1. Raw material purchases are paid as follows: 50% in the month of the purchase, 30% the month after the purchase, and 20% in the second month following the purchase. The raw materials budget is as follows:

PROJECTED	Oct	Nov	Dec	TOTAL QTR
RAW MATERIAL PURCHASES
NEEDED FOR SALES	$34,503	$48,304	$55,205	$138,012
DESIRED ENDING	8,626	12,076	13,801
LESS: BEGINNING	(40,800)	(8,626)	(12,076)
PURCHASES	$2,329	$51,755	$56,930	$111,013

Inventory Data:	1-Oct		31-Dec
Raw Materials	$40,800		$66,780
Work-in-Process	84,000		75,600
Finished Goods	144,000		129,600

Question #1: Based on the above information,

1. Prepare a schedule of payment for raw materials for each month of the 4^th quarter. Previous months credit (on account) purchases are: November 2020 purchases on account, $56,560 December 2020 purchases on account, $52,800