Question: please read the question because the answer for B is not 327,760 and please i need a clear answer Adams Company, which sells electric razors,

please read the question because the answer for B is not 327,760 and please i need a clear answer
please read the question because the answer for B is not 327,760

Adams Company, which sells electric razors, had $340,000 of cost of goods sold during the month of June. The company projects a 8 percent increase in cost of goods sold during July. The inventory balance as of June 30 is $29,000, and the desired ending inventory balance for July is $30,000 Adams pays cash to settle 80 percent of its purchases on account during the month of purchase and pays the remaining 20 percent in the month following the purchase. The accounts payable balance as of June 30 was $34.000 Required a. Determine the amount of purchases budgeted for July b. Determine the amount of cash payments budgeted for inventory purchases in July, $ a, Budgeted purchases b. Cash payments 368,200 293.760 $

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