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January February Inventory purchases budget in 12,000 15,000 units Each unit costs $5. ABC pays 20% in the month of purchase and 80% in the
January February Inventory purchases budget in 12,000 15,000 units Each unit costs $5. ABC pays 20% in the month of purchase and 80% in the month following the purchase. Accounts payable at December 31 = $25,000 How much cash will be disbursed for inventory purchases in February
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