Acti Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year:
September $ 830,000
October $ 940,000
November $ 860,000
December $ 780,000
At Acti, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. How much cash should Acti expect to pay out for raw material purchases during November?