Um Corporation Has Provided the Following Information Concerning Its Raw

Multiple Choice

Um Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw materials purchases in November is $286,032. The company pays for 40% of its raw materials purchases in the month of purchase and 60% in the following month. The budgeted accounts payable balance at the end of November is closest to:

A) $114,413
B) $140,333
C) $171,619
D) $286,032