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Sheffield Corp.'s direct materials budget shows total cost of direct materials purchases for January $330000, February $340000and March $420000. Cash payments are60% in the month

Sheffield Corp.'s direct materials budget shows total cost of direct materials purchases for January $330000, February $340000and March $420000. Cash payments are60% in the month of purchase and40% in the following month. The budgeted cash payments for March are

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