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Expected direct materials purchases in Pina Colada Corp. are $693000 in the first quarter and $891000 in the second quarter. Forty percent of the purchases
Expected direct materials purchases in Pina Colada Corp. are $693000 in the first quarter and $891000 in the second quarter. Forty 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:
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