stuck on august payments

Homework: Chapter 7 Homework Save Score: 0.81 of 1 pt 2 of 4 (3 complete) HW Score: 70.37%, 2.81 of 4 E7-29 (similar to) Question Help All sales of Tabitha's Jeans and Uniforms (TJU) are made on credit. Sales are billed twice monthly, on the fifth of the month for the last half of the prior month's sales and on the twentieth of the month for the first half of the current month's sales. For accounts paid within the first 10 days after the billing date, TJU gives customers a 3% discount; otherwise the full amount is due within 30 days of the billing date, and customers that do not pay within the 10-day discount period generally wait the full 30 day before making payment. Based on past experience, the collection experience of accounts receivable is: (Click the icon to view the collection experience.) EFE (Click the icon to view the sales budget.) TJU's average markup on its products is 35% of the sales price. TJU purchases merchandise for resale to meet the current month's sales demand and to maintain a desired monthly ending inventory of 20% of the next month's cost of goods sold. All purchases are on credit. TJU pays for one-half of a month's purchases in the month of purchase and the other half in the month following the purchase. All sales and purchases occur uniformly throughout the month. Read the requirements. Cost of goods sold 546.000 Add: Desired ending inventory 127,400 i Data Table X Total merchandise needed 673,400 Less: Beginning inventory (109.200) Required purchases 564.200 Sales for May 20X8 were $800.000. The forecast sales for the next 4 months are Requirement 4. How much should TJU budget in August 20X8 for cash payments for merchandise purchased? June 5 840.000 August payments i Data Table X JUN 980,000 Payments for preceeding months purchases August 900 000 Payments for current months purchases September 740 000 Within the 10 day discount period 65 % Total August payments At 30 days after billing Print Done Uncollectible Choose from any list or enter any number in the input fields and then click Check Answer. Final Check All parts showing Point Done