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urgent please Yosko Company budgeted direct materials purchases of $191,440 in January and $139,360 in February. Assume Yosko pays for direct materials purchases 60% in
urgent please
Yosko Company budgeted direct materials purchases of $191,440 in January and $139,360 in February. Assume Yosko pays for direct materials purchases 60% in the month of purchase and 40% in the month after purchase. The Accounts Payable balance on January 1 is $55,000. Prepare a schedule of cash payments for purchases for January and February, Round to the nearest dollar, Begin by computing the total cash payments for direct materials for January and February. Then, compute the Accounts Payable balance at February 28, (Round all amounts you enter into the budget to the nearest whole dollar. If an input field is not used in the table leave the input field empty, do not enter a zero.) Cash Payments January February Total direct materials purchases January February Cash Payments Direct Materials: Accounts Payable balanco, January 1 Jan-Jan direct material purchases paid in Jan Jan-Jan, direct material purchases paid in Feb Feb-Feb direct material purchasen paid in Feb. Total payments for direct materials Accounts Payable balance, February 28 Feb-Feb, direct material purchases paid in Mar Step by Step Solution
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