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The following information pertains to X Corporation Expected raw materials purchases in December 2,000 unit January 5,000 unit February 6,000 unit Cost of raw materials
The following information pertains to X Corporation
Expected raw materials purchases in December 2,000 unit
January 5,000 unit
February 6,000 unit
Cost of raw materials $2.50/unit, all purchases are on account.
%50 of purchases will be paid in the month of purchase, %30 in the month following purchase, and the remainder 20% are paid in the second month following purchase.
What is the total cash disbursements during February
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