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A company has budgeted direct materials purchases of $335,000 in July and $420,000 in August. Past experience indicates that the company pays for 45%
A company has budgeted direct materials purchases of $335,000 in July and $420,000 in August. Past experience indicates that the company pays for 45% of its purchases in the month of purchase and the remaining 55% in the next month. During August, the following items were budgeted: Wages Expense $60,000 Purchase of office equipment 42,000 Selling and Administrative Expenses 51,000 Depreciation Expense 26,000 The budgeted cash disbursements for August are: Enter your answer in whole dollars with a comma separating the hundreds and thousands. Do not include a dollar sign. For instance, the number 123456 would be entered as 123,456
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