Jeremiah pays for 50% of its purchases in the month of purchase, 30% in the month after and 20% in the month after that. For a $100,000 purchase in January, what is the accounts payable with respect to this purchase at the end of February?

A. $50,000

B. $30,000

C. $20,000

D. none of the above

Which of the following is not a part of the selling and administrative budget?

A. Selling salaries

B. Administrative salaries

C. Factory supervisor salaries

D. None of the above

Which of the following items are part of the cost of goods manufactured?

A. Direct materials beginning inventory

B. Direct materials used during the production period

C. Direct labor used during the production period

D. All of the above