Moorcroft Company's budgeted sales and direct materials purchases are as follows Budgeted Sales Budgeted D.M. Purchases $47,000 49,000 $316,000 347,000 Moorcroft's sales are 40% cash and 60% credit. Credit sales are collected 20% n the month of sale 50% n the month following sale, and 26% in the second month following sale 4% are uncollectible. Moorcroft's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase. Your answer is partially correct. Prepare a schedule of expected payments for direct materials for June. Moorcroft Company Schedule of Expected Payment for Direct Materials April May June 14100 32900 49000 34300 14700 54000 37800 Total Collections 32900 $ 48400 $ 52500