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The following information is from the manufacturing budget and the budgeted financial statements of Schenck Development Partners. Direct materials inventory, January 1 $ 6 8
The following information is from the manufacturing budget and the budgeted financial statements of Schenck Development Partners.
Direct materials inventory, January $
Direct materials inventory, December
Direct material usage budgeted for the year
Accounts payable to suppliers of materials, January
Accounts payable to suppliers of materials, December
a Compute the budgeted amount for purchases of direct materials during the year.
b Compute the budgeted amount for cash payments during the year to suppliers of materials.
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