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The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of

The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories:

Inventories at beginning of June

$

67,500

Estimated purchases of June

330,000

Estimated cost of goods sold for June

337,500

Estimated payments in June for purchases in May

56,250

Estimated payments in June for purchases prior to May

15,000

Estimated payments in June for purchases in June

80

%

What are the estimated cash disbursements for inventories in June?

(Figures are listed)

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