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The budgeted cash payments for raw materials re in total (July + August + September) A small manufacturing company is to commence operations on 1

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The budgeted cash payments for raw materials re in total (July + August + September)
A small manufacturing company is to commence operations on 1 July. The following estimates have been prepared: It is planned to have raw material inventories of $10,000 at the end of July, and to maintain inventories at that level thereafter. There is no opening inventory. Selling prices, costs and other information: Fixed overheads are expected to be $5,000 per month, including $1,000 depreciation. 10% of sales are in cash, the balance payable the month following sale. Labour is paid in the month incurred, and all other expenditures the following month

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