question 5

lam Company has the following projected costs for manufacturing and selling and administrative expenses: (Click the icon to view the projected costs.) Data table All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable accounts have a zero balance on January 1