- - file:///C:/Users/ame.ambert/AppData/local/Packages/Microsoft Microsoft - + Iweky Chapter 21 an X b bw/tempstate/Download Chapter 2021.2 .20Chapter to page Page View All Road aloud Add notes 5) 5) Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months January $ 12400 February 14.510 March 11.330 Material purchases Payments for purchases are expected to be made 5096 in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is 56600. The expected January 31 Accounts Payable balance is A) $6200 B) 57255 57055 C) $12.400 12 400 D $6600 D) $6600 $9500 6) Bengal Co provides the following sales forecast for the next three months July 4300 August 5000 September 4560 Sales units The company wants to end each me with ending finished goods inventory equal to 30% of the next month's sales Finished goods inventory on June 30 is 1.290 mts. The budgeted production is for July are A) 2010 B) 4510 C) 2580 D) 5590 E) 5800 7) C a ntitate al sales for April May, and June of $20.000 5920,000 and 590.000 respectively Cash sales are ally 259 of total sales or - - file:///C:/Users/ame.ambert/AppData/local/Packages/Microsoft Microsoft - + Iweky Chapter 21 an X b bw/tempstate/Download Chapter 2021.2 .20Chapter to page Page View All Road aloud Add notes 5) 5) Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months January $ 12400 February 14.510 March 11.330 Material purchases Payments for purchases are expected to be made 5096 in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is 56600. The expected January 31 Accounts Payable balance is A) $6200 B) 57255 57055 C) $12.400 12 400 D $6600 D) $6600 $9500 6) Bengal Co provides the following sales forecast for the next three months July 4300 August 5000 September 4560 Sales units The company wants to end each me with ending finished goods inventory equal to 30% of the next month's sales Finished goods inventory on June 30 is 1.290 mts. The budgeted production is for July are A) 2010 B) 4510 C) 2580 D) 5590 E) 5800 7) C a ntitate al sales for April May, and June of $20.000 5920,000 and 590.000 respectively Cash sales are ally 259 of total sales or