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Oriole Company's direct materials budget shows total cost of direct materials purchases for January $340000, February $360000 and March $430000. Cash payments are 60% in
Oriole Company's direct materials budget shows total cost of direct materials purchases for January $340000, February $360000 and March $430000. Cash payments are 60% in the month of purchase and 40% in the following month. The budgeted cash payments for March are
$388000.
$316000.
$402000.
$360000.
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