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> Payment for direct materials purchased in current month are palu 50% in the quarter purchased 50% in the following quarter Accounts payable as of
> Payment for direct materials purchased in current month are palu 50% in the quarter purchased 50% in the following quarter Accounts payable as of the last quarter are paid in the first quarter of next year Hayes Company Schedule of Expected Payments for Direct Materials For the Year Ending December 31, 2022 Payments by Quarter Purchases 1 2 3 4 Accounts payable, 12/31/21 $ 10,600 First quarter $25,200 12,600 $ 12,600 Second quarter 29,200 14,600 $ 14,600 Third quarter 33,200 16,600 Fourth quarter 37,200 Total payments $23,200 $27,200 $31,200 S
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