The total cost of raw materials to be purchased in the 2nd quarter of 2021 is as follows:

April $30,460

May $27,830

June $41,020

Accounts Payable at March 31, 2021 was $7,440. Raw materials are all purchased on account; 80% are paid in the month in which they are purchased and 20% are paid the following month. At June 30, 2021, what will the balance in Accounts Payable be?

• A.

  $32,816

• B.

  $5,566

• C.

  $15,644

• D.

  $8,204