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Raw materials inventory purchases are equal to 60% of the following month's sales, 50% of purchases are paid for in the first month following the

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Raw materials inventory purchases are equal to 60% of the following month's sales, 50% of purchases are paid for in the first month following the purchase, and the remainder is paid in the second month. What would be the value in E11? (It may help you to write up the sheet in excel) A 1 B D E September October November 90,000 120.000 135,000 60% ? ? ? 2 Sales 9 Purchases 10 Payments: 11 First Month 12 Second Month 13 Total Payments ? 50% 50% ? ? ? Select one: O a 54,000 O b. 67,500 Oc. 45,000 O d. 36,000 O e 40,500

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