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Yem Company budgeted direct matertats purchases of $192,560 in January and $138,950 in February. Assume Yem pays for direct materials purchasos 60% in the month

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Yem Company budgeted direct matertats purchases of $192,560 in January and $138,950 in February. Assume Yem pays for direct materials purchasos 60% in the month of purchase and 40% in the month after purchase. The Accounts Payable balanco on January 1 is $75,000. Prepare a schedule of cash payments for purchases for January and February, including the calculation for the Acoounts Payabio balance on Fobruary 28. Round to the nearest doliar. Begin by computing the total cash payments for direct materials for January and Fobruary. Then, compute the Accounts Payable balance at February 28. (Round all amounts you enter into the budgot to the nearest whole dollac. If an input field is not used in the table leave the inout fleld emply; do not enter a zero.)

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