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Specialty Wrenches is estimating the following raw material purchases for the first four months of the year: Month January February March April Raw Materials Purchases

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Specialty Wrenches is estimating the following raw material purchases for the first four months of the year: Month January February March April Raw Materials Purchases $896,000 $392,000 $644,000 $252,000 At Specialty, 30% of raw materials are normally paid for in the month of purchase. The remaining 70% is paid for in the month following the purchase. How much cash should Specialty Wrenches expect to pay out for raw material purchases during March? $644,000 $252,000 $392,000 $896,000

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