Question
Heely Co. has the following projected sales in units for the first quarter of 20x2: January 10373 February 17195 March 12071 Heely Co.s budget is
Heely Co. has the following projected sales in units for the first quarter of 20x2:
| January | 10373 |
| February | 17195 |
| March | 12071 |
Heely Co.s budget is based on the following assumptions: 36% of all purchases of merchandise are paid in the month purchased and the remainder in the following month. The number of units in each months ending inventory is equal to 60% of the next months units of sales.
The cost of each unit of inventory is $15.
What is the companys accounts payable balance at the end of February?
Select one:
a. $24438
b. $135558
c. $76251
d. $165072
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