Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At the end of August, there was $98254 in inventory. At the end of September, there was $82616 in inventory. September cost of goods sold

At the end of August, there was $98254 in inventory. At the end of September, there was $82616 in inventory. September cost of goods sold was $469254. During September, $84116 was paid to suppliers for purchases made in August, and $7441 was paid for purchases made prior to August. The company pays for 76.2% of a months purchases in the month of the purchase. What is the total amount of cash disbursements made in September for purchases?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting An Introduction to Concepts Methods and Uses

Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil

10th Edition

1111822239, 324639767, 9781111822231, 978-0324639766

More Books

Students also viewed these Accounting questions

Question

analyze how research and writing unites with design.

Answered: 1 week ago