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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 $ 81,500
Estimated purchases of June 358,000
Estimated cost of goods sold for June 365,500
Estimated payments in June for purchases in May 84,250
Estimated payments in June for purchases prior to May 43,000
Estimated payments in June for purchases in June 80 %

What are the estimated cash disbursements for inventories in June?

Multiple Choice

$326,000.

$395,140.

$413,650.

$421,050.

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