The Dell Corporation purchases raw materials on account. Payments for the materials are made according to the following schedule:

60% in the month of purchase

40% in the following month

The following purchases have been budgeted:

April $180,000

May $250,000

June $200,000

The expected cash payments on raw materials for June are:

multiple choice

• $300,000

• $120,000

• $200,000

• $220,000