Part 5: Cash Disbursements (2 marks)

NFT pays $2.00 per pound of material.

1/2 of the months purchases is paid for in the month it is purchased.

The other 1/2 is paid the following month.

The June 30th Accounts Payable balance was $151,000.

Part 4: Materials Purchased (5 marks) NFT uses 10 pounds of material per unit. NFT has decided it wants 15% material of the following month's production. On June 30 th it had 30,000 pounds of material on had. The material costs $2.00 per pound. NFT September 30th desired ending material is 8,000 pounds Part 5: Cash Disbursements (2 marks) NFT pays $2.00 per pound of material. 1/2 of the months purchases is paid for in the month it is purchased. The other 1/2 is paid the following m The June 30th Accounts Payable balance was $151,000. August Purchases September Purchases Total Cash Disbursements