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Expected direct materials purchases in Kingbird Company are $209500 in the first quarter and $269500 in the second quarter. 40 percent of the purchases are

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Expected direct materials purchases in Kingbird Company are $209500 in the first quarter and $269500 in the second quarter. 40 percent of the purchases are paid in cash as incurred, and the balance is paid in the following quarter. The budgeted cash payments for purchases in the second quarter are: $287500. $269500. $233500. $215500

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