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Grouper, Inc. has budgeted direct materials purchases of $410,000 in March and $505,000 in April. The company policy is to pay for 60% of
Grouper, Inc. has budgeted direct materials purchases of $410,000 in March and $505,000 in April. The company policy is to pay for 60% of purchases in the month of purchase and the remaining 40% in the next month. Other expenses are paid during the month when incurred. During April, the following items were budgeted: Salaries and wages expense $122,000 Purchase of office equipment 225,000 Selling and administrative expenses 128,000 Depreciation expense 15,000 Compute budgeted cash disbursements for April. Budgeted cash disbursements for April $
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