General,Inc All Purchases Are Paid for as Follows: 10% in the

Multiple Choice

General,Inc.has prepared the following direct materials purchases budget: $\begin{array}{|c|c|}\hline \text { Month } & \begin{array}{l}\text { Budgeted DM } \\\text { Purchases }\end{array} \\\hline \text { June } & \$ 69,000 \\\hline \text { July } & 77,500 \\\hline \text { August } & 76,900 \\\hline \text { September } & 77,800 \\\hline \text { October } & 76,800 \\\hline\end{array}$ All purchases are paid for as follows: 10% in the month of purchase,50% in the following month,and 40% two months after purchase.Calculate budgeted balance of accounts payable at the end of October.

A) $69,120
B) $100,240
C) $31,120
D) $61,840