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also need total payments for direct materials Yem Company budgeted direct materials purchases of S192.780 in January and 5138,420 in February Assumo Yom pays for
also need total payments for direct materials
Yem Company budgeted direct materials purchases of S192.780 in January and 5138,420 in February Assumo Yom pays for direct materials purchases 70% in the month of purchase and 30% in the month after purchase. The Accounts Payable balance on January 1 is $45,000. Prepare a schedule of cash payments for purchases for January and February, including the calculation for the Accounts Payable balance on February 28 Round to the nearest dollar GEBED Begin by computing the total cash payments for direct materials for January and February Then, compute the Accounts Payable balance at Fabruary 28 (Round all amounts you enter into the budget to the nearest whole dollar If an input field is not used in the table loave the input field amply, do not enter a zero) Cash Payments January February Total direct materials purchases January February Cash Payments Direct Materials: Accounts Payable balance January Jan-Jan direct material purchases paid in Jan Jan-Jan direct material purchases paid in Feb Eob - Fob direct material purchases paid in Feb Step by Step Solution
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