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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:
Inventories at beginning of June | $ | 81,500 | |
Estimated purchases of June | 358,000 | ||
Estimated cost of goods sold for June | 365,500 | ||
Estimated payments in June for purchases in May | 84,250 | ||
Estimated payments in June for purchases prior to May | 43,000 | ||
Estimated payments in June for purchases in June | 80 | % | |
What are the estimated cash disbursements for inventories in June?
Multiple Choice
$326,000.
$395,140.
$413,650.
$421,050.
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