Hardy Companys cost of goods sold is consistently 60% of sales. The company plan

Hardy Companys cost of goods sold is consistently 60% of sales. The company plans to carry ending merchandise inventory for each month equal to 20% of the next months budgeted cost of good sold. All merchandise is purchased on credit and 50% of the purchases made during a month is paid for in that month. Another 35% is paid for during the first month after purchase and the remaining 15% is paid for during the second month after purchase. Expected sales are: August (actual) $325000; September (actual) $320000; October (estimated) $250000; November (estimated) $310000.Use this information to determine Octobers expected cash payments for purchases.Calculate monthly purchases & calculate payments made for inventory.