Question: Help Save & Exit Kate Spade plans to purchase $ 3 1 2 , 0 0 0 of direct material in June, $ 3 7

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Kate Spade plans to purchase $312,000 of direct material in June, $377,000 in July, and $421,000 in August. Kate Spade typically pays Sixty percent of its direct material purchases in the month of purchase and the remaining 40% in the following month. How much cash Kate Spade is budgeted to pay for July?
Multiple Choice
$351,000
$258,000
$125,000
$384,000
 Help Save & Exit Kate Spade plans to purchase $312,000 of

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