Help Save & E Wolfpack company, a merchadising company, is preparing a budget for the month of July. The company's beginning balance of Accounts Payable in July is $42,200. Budgeting Assumptions: 1. All merchandise purchases are on account. 20% of merchandise inventory purchases are paid in the month of the purchase and the remaining 80% is paid in the month after the purchase. The accounts payable on June 30 will be paid in July 2. The company's cash budget for July shows expected cash disbursements for merchandise purchases of $61.200. How much is the budgeted merchandise purchases for July? Multiple Choice $263.800 7 of 20 !!! Next > Help Save & Exit Sub o $263,800 o $61,200 o ) All of the other answers are incorrect. o 595,000 o 306,000 20 Next > Lebaum Corporation uses the weighted average method in its process costing system. Data concerning the second processing departmen for the most recent month are listed below: 400 units Production data: Units in process, beginning: (materials 60% complete; conversion 20% complete) Units transferred in during the month from the preceding department: Units completed and transferred out during the month: Units in process, ending: (materials 40% complete; conversion 80% complete) 1,200 units 1.000 units ? units $ 27.752 Cost data: Work in process, beginning: (consists of cost transferred in. $12,400; materials cost, $7,838: and conversion cost, $7.514) Costs transferred in during the month: Materials cost added during the month: Conversion costs incurred during the month $ 126,000 S82.000 $ 108,000 What is the cost per equivalent unit for materials? (Choose the closest answer) Prev 8 of 20 Next > Help Save & Exit What is the cost per equivalent unit for materials? (Choose the closest answer) Multiple Choice S56.15 All of the other answers are incorrect S14973 S7245