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i need help with this please Yogi Company budgeled direct matecials purchases of $191,640 in Janeary and $135,610 in February. Assume Yogi pays for drect
i need help with this please
Yogi Company budgeled direct matecials purchases of $191,640 in Janeary and $135,610 in February. Assume Yogi pays for drect materials purchases b0\% in the month of purchase and 20% in the month after purchase. The Accounts Payable balance on Janwary 1 is $45,000. Prepare a schedule of cash payments for purchases for January and Fetruary, including the calcula6on for the Accounts Payable balance on Febrany 28. Round to the nearest doliar. Begin by computing the total cash payments for direct materials for January and February. Then, conpute the Accounts Payable balance of February 28 . (Round all amounts you enter into the budget to the nearest whole dolar. If an inpot field is not used in the table leave the ingut feld empty; do not enter a rero.) Cash Pavments Step by Step Solution
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