The following budgeted information about Reeves Co. is available for September 2010:
- Sales for September 2,700,000
- Gross Profit of Sales 40%
- Decrease in Merchandise inventory during September 43,750
- Wages Expense for September 325,500
- Increases in Wages payable for September 42,000
- Other cash expenses for September 245,000
- Decrease in Accounts Payable during September 35,000
Reeves Co. only uses its Accounts Payable for inventory purchases.
a. How much does Reeves Co. expect to pay for inventory in September 2010?
$
b. What are total budgeted cash disbursements for September 2010?
$