The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of June$67,500 Estimated purchases of June 330,000 Estimated cost of goods sold for June 337,500 Estimated payments in June for purchases in May 56,250 Estimated payments in June for purchases prior to May 15,000 Estimated payments in June for purchases in June 80%What are the estimated cash disbursements for inventories in June?
A. $335,250.
B. $264,000.
C. $320,250.
D. $341,250.
Answer: A
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