Galina,Inc All Purchases Are Paid for as Follows: 40% in the Month

Galina,Inc.has prepared the following direct materials purchases budget: $\begin{array}{|l|r|}\hline\text { Month } & {\begin{array}{c}\text { Budgeted DM } \\\text { Purchases }\end{array}} \\\hline \text { Tune } & \$ 68,000 \\\hline \text { Iuly } & 79,500 \\\hline \text { August } & 78,400 \\\hline \text { September } & 76,300 \\\hline \text { October } & 72,400 \\\hline\end{array}$ All purchases are paid for as follows: 40% in the month of purchase,50% in the following month,and 10% two months after purchase.Calculate the budgeted balance of accounts payable at the end of October.

A) $43,440
B) $51,070
C) $7630
D) $14,870