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The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of
The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories:
|
|
|
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Inventories at beginning of June | $ | 67,500 |
|
Estimated purchases of June |
| 330,000 |
|
Estimated cost of goods sold for June |
| 337,500 |
|
Estimated payments in June for purchases in May |
| 56,250 |
|
Estimated payments in June for purchases prior to May |
| 15,000 |
|
Estimated payments in June for purchases in June |
| 80 | % |
What are the estimated cash disbursements for inventories in June?
(Figures are listed)
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