TB MC Qu. 20-136 (Algo) Fortune Company's direct materials. Fontune Company's direct meterivis budget shows the following cost of materiais to be purchased for the coming three moriths: Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accourts Payable balance is $7,900. The budgeted cash payments for materiais in January are: Muttiple Choice 521,080 $7,900 510,540 \$14,235. 514,490