Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three mon

[answerhappygod]

Fortune Company's direct materials budget shows the following
cost of materials to be purchased for the coming three months:
January February March Material purchases $ 12,580 14,690 11,510
Payments for purchases are expected to be made 50% in the month of
purchase and 50% in the month following purchase. The December
Accounts Payable balance is $6,900. The expected January 31
Accounts Payable balance is:
Multiple Choice
$6,900.
$7,345.
$12,580.
$6,290.
$9,740.