Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September$830,000October$940,000November$860,000December$780,000 At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase.In Acti's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown?
A. $468,000
B. $564,000
C. $588,000
D. $780,000
Answer: A
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