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Elwood Company has the folowing projected costs for manufacturing and seling and administrative expenses Cick the icon to view the projected costs) Prepare a schedule
Elwood Company has the folowing projected costs for manufacturing and seling and administrative expenses Cick the icon to view the projected costs) Prepare a schedule of cash payments for Elwood for January, February, and March. Determine the balances in Prepaid Property taxes Accounts Payable, and its Payable as of March 31. (if an input field is not used in the table leave the input field empty, do not enter a roo) January February March Total Cash Payments Direct Materials Accu Paywtie non datur 1 Jatuh Direct material purchases paid in February February-Orect maput chose padin March Total payments for direct materials Direct Labor Total payments for direct labor Enter any number in the edited and then click Check Answer i Data Table d costs for manufacturi sts.) Elwood for January, Febr y; do not enter a zero.) able, and Utilities Paya Jal Bid in February January February March Direct materials purchases $ 3,000 $ 3,700 $ 4,000 Direct labor costs 3,500 3,200 4,000 Depreciation on plant 600 600 600 Utilities for plant 440 440 440 Property taxes on plant 350 350 350 Depreciation on office 150 150 150 Utilities for office 550 550 550 Property taxes on office 150 150 150 Office salaries 3,500 3,500 3,500 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase, utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1, Said in March s and then click Check Answd Print Done
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