1. Seeker, Inc. has prepared the following raw materials purchases budget:

Month	Budgeted RM Purchases
June	$68,000
July	79,500
August	78,700
September	77,800
October	70,200

All purchases are paid for as follows: 10% in the month of purchase, 40% in the following month, and 50% two months after purchase. Calculate total budgeted cash payments made in October for purchases.

Select one:

A.

$38,140

B.

$77,490

C.

$70,470

D.

$46,370