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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
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
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