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Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credat
Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credat sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materiais inventory should equal 10%. of the following month's raw materials production needs If the budgeted cost of raw materials purchases in February is $50,152, then the budgeted accounts payable balance at the end of February is closest to
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