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Coronado Industries's direct materials budget shows total cost of direct materials purchases for April $415000, May $486000 and June $600000. Cash payments are 60% in
Coronado Industries's direct materials budget shows total cost of direct materials purchases for April $415000, May $486000 and June $600000. Cash payments are 60% in the month of purchase and 40% in the following month. Budgeted cash disbursement for materials purchases for June are
$421200.
$551400.
$486000.
$554400.
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