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Acme Companys budgeted production is 3,000 units in October, 3,500 units in November, and 4,000...

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Accounting

Acme Companys budgeted production is 3,000 units in October, 3,500 units in November, and 4,000 units in December. Each unit of finished goods requires 2.0 pounds of raw materials that cost $3.00 per pound. Acmes policy is to maintain an ending raw materials inventory balance equal to 20% of the amount needed for the next months production. Acme pays for 30% of its raw material purchases in the month of purchase and 70% in the month following the purchase. What is the balance of the accounts payable account for raw materials purchases at the end of November?
Group of answer choices
$6,480
$15,120
$17,280
$21,600

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