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7 years ago
Purchases of direct material for May were $105,000, while expected purchases for June and July are $120,000 and $134,000, respectively. All purchases are paid 75% in the month of purchase and 25% the following month. Calculate the budgeted payments for the month of June.
A) $30,000
B) $108,750
C) $116,250
D) $120,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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