Galina,Inc All Purchases Are Paid for as Follows: 40% in the |

Galina,Inc.has prepared the following direct materials purchases budget: $$\begin{array} { | l | r | } \hline \text { Month } & { \begin{array} { l } \text { Budgeted DM } \\\text { Purchases }\end{array} } \\\hline \text { June } & \$ 69,000 \\\hline \text { July } & 78,500 \\\hline \text { August } & 78,100 \\\hline \text { September } & 76,000 \\\hline \text { October } & 78,200 \\\hline\end{array}$$ 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 the budgeted balance of accounts payable at the end of October.

A) $46,920
B) $54,520
C) $7600
D) $15,420

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