General, Inc. has prepared the following direct materials purchases budget: Budgeted DM Purchases Month June July...

 

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General, Inc. has prepared the following direct materials purchases budget: Budgeted DM Purchases Month June July August September October $69,000 78,500 78,100 76,000 78,200 All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate total cash payments made in October for purchases. General, Inc. has prepared the following direct materials purchases budget: Budgeted DM Purchases Month June July August September October $69,000 78,500 78,100 76,000 78,200 All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate total cash payments made in October for purchases.

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