Commercial State Cap 70 M Banco Portal W bajo costo 7 Hardy Company's cost of goods sold is consistently 60% of sales. The company is ending merchandise inventory for each month equal to 30% of the next month's budgeted cost of goods sold. All merchandises purchased on credit, and 40% of the purchases made during a month is paid for in that month. Another 35% is paid for curing the first month after purchase, and the remaining 25% paid for during the second month after purchase. Expected sales ore: August actual $325,000, September (actual $380,000 October estimated) $350,000, and November (estimated $400.000 Use this information to determine October's expected cash payments for purchases weile September October No. Budgeted ending inventory Cost of goods sold estimated Required available inventory budgeted beginning inventory Required purch Caleate Payment Made for Inventory Purchases August Pharchases and September Octo Ar October August purchases Selber purchases October purchases Determine October Expected Cash Payments for Purchase October expected cash payment for purchases & Prov 77 ere to search O e 2 e OF