Duke Company Has the Following Information Purchases Are Paid for in the Following Manner: 10% in

Multiple Choice

Duke Company has the following information: $\begin{array}{lr}\text { Month } & \text { Budgeted Purchases } \\\hline \text { January } & \$ 26,800 \\\text { February } & 29,000 \\\text { March } & 30,520 \\\text { April } & 29,480 \\\text { May } & 27,680\end{array}$ Purchases are paid for in the following manner: 10% in the month of purchase
50% in the month after purchase
40% two months after purchase
_____ is the total estimated cash disbursement in May from the purchase of merchandise.

A) $27,680
B) $29,716
C) $13,840
D) $25,632