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Calder Water Company has budgeted direct materials inventory purchases as follows: October: $300,000 November: $370,000 December: $420,000 Calder pays for 20% of their purchases during
Calder Water Company has budgeted direct materials inventory purchases as follows: October: $300,000 November: $370,000 December: $420,000 Calder pays for 20% of their purchases during the month of purchase, 70% during the month following the purchase, and the remaining 10% two months after the month of purchase. What is the budgeted accounts payable balance on December 31? O A. $420,000 OB. $373,000 OC. $336,000 OD. $410,000
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