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Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month. ** Insurance expense is
"Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month. ** Insurance expense is 5940 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). ***:Property tax is paid once a year in November, The cash payments expected for Finch Company in the month of May are a. $142,725 b. $39,600 c. $182,325 d. 5221,925
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