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Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $159,200 $197,600

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Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs $159,200 $197,600 $208,800 Insurance expense" 960 960 960 Depreciation expense 1,930 1,930 1,930 Property tax expense" 430 430 430 of the manufacturing costs, three-fourths are paid for in the month they are incurred: one-fourth is paid in the following month Insurance expense is $960 a month; however, the insurance is paid four times early in the first month of the quarter, (le, January, April, July, and October). ***Property tax is paid once a year in November The cash payments expected for Finch Company in the month of April are Os 5119.400 b. 1159,200 Oc: 5102200 Od. 1140.740

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