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Tung Corporation has prepared the following sales budget: Month Sales in units January 7,000 February 8,000 March 7,400 April 7,200 Tung purchases only the units

Tung Corporation has prepared the following sales budget:

Month Sales in units
January 7,000
February 8,000
March 7,400
April 7,200

Tung purchases only the units projected for sales each month.

The average purchase cost of each unit is $70 and 10% of purchases are paid in full in the month of purchase. Tung gets a 2% prompt payment discount on these purchases. The remaining 90% of purchases are paid for in full in the following month.

Total selling, general, and administrative costs amount to $24,000 each month, of which $3,650 is depreciation.

How much cash is disbursed in total in February?

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