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Adi Manufacturing Corporation is estimating the following raw material purchases for the final four months...

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Accounting

Adi Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year: September $966,000 October $1,074,000 November $878,000 December $792,000 At Adi, 30% of raw materials purchases are normally paid for in the month of purchase. The remaining 70% is paid for in the month following the purchase. In Adi's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown?

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