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please provide correct answer immediately I will give rating on ur answer. Following details have been provided by BAR corporation as given below: Purchase of
please provide correct answer immediately I will give rating on ur answer.
Following details have been provided by BAR corporation as given below: Purchase of direct material on account: June July August $68,000 $77,000 $73,000 Company pays off 20% of the due balance of accounts payable in the month of purchase and remaining portion in next month. In month of July, direct labor cost is $33,800. In month of August, direct labor cost is $35,400.90% of the direct labor cost is paid in the month to which it belongs and remaining is paid in next month Overhead related to August is $77,200 and it includes depreciation of $6,350. Company has loan of $23,000 which has due period of 4 months. It was taken on May 1. Interest will be due at 9% per annum. Repayment of loan along with interest is done on August 31 Cash payments in August is: LENGStep by Step Solution
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