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A company has budgeted direct materials purchases of $ 3 6 0 0 0 0 in July and $ 5 2 0 0 0 0

A company has budgeted direct materials purchases of $360000 in July and $520000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted:
\table[[Wages Expense,$150000
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