Myers Manufacturers has a sales budget for next month of $2000000. Cost of goods sold is expected to

Myers Manufacturers has a sales budget for next month of $2000000. Cost of goods sold is expected to be 65 percent of sales. Accounts payable payments were $1414000 and ending accounts payable is $1625000. The beginning inventory of merchandise is $350000 and an ending inventory of $300000 is desired.

3 The beginning accounts payable for Myers Manufacturers should be

A $1,300,000

B $1,789,000

C $1,414,000

D $2,275,000

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