Yummy Jams Company produces a line of jams.Yummy's estimated production of jars of jam for the fourth quarter of the year is as follows: ?
Each jar requires half a pound of berries.Yummy prefers to buy the freshest berries, so its policy is to have just 3% of the following month's production needs in ending inventory.On October 1, the company had 1,125 pounds of berries in inventory.Yummy's pays $0.60 per pound of berries.It buys all berries on account and typically pays 40% of a month's purchases in that month, and the remaining 60% the following month.
- How much cash is paid in November for berry purchases (rounded to the nearest dollar)?

Question

Yummy Jams Company produces a line of jams.Yummy's estimated production of jars of jam for the fourth quarter of the year is as follows: ?
 Each jar requires half a pound of berries.Yummy prefers to buy the freshest berries, so its policy is to have just 3% of the following month's production needs in ending inventory.On October 1, the company had 1,125 pounds of berries in inventory.Yummy's pays $0.60 per pound of berries.It buys all berries on account and typically pays 40% of a month's purchases in that month, and the remaining 60% the following month.
- How much cash is paid in November for berry purchases (rounded to the nearest dollar)?

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Yummy Jams Company Produces a Line of Jams