ences Zisk Company purchases direct materials on credit. Budgeted purchases are April, $87,000; May, $117,000; and June, $127,000 Cash payments for purchases are: 70% In the month of purchase and 30% in the first month after purchase. Purchases for March are $77,000. Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY Schedule of Cash Payments for Direct Materials Materials purchases April May June I Cash payments for Current period purchases Prior period purchases 60,900 Total cash payments