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Yosko Company budgeted direct materials purchases of $ 1 9 1 , 6 4 0 in January and $ 1 3 9 , 7 7
Yosko Company budgeted direct materials purchases of $ in January and $ in February. Assume Yosko pays for direct materials purchases in the month of purchase and in the month after purchase. The Accounts Payable balance on January is $ Prepare a schedule of cash payments for purchases for January and February, including the calculation for the Accounts Payable balance on 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 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
tableTotal direct materials purchases,January,FebruaryCash Payments,January,FebruaryDirect Materials:,,Accounts Payable balance, January JanJan. direct material purchases paid in Jan.,,JanJan. direct material purchases paid in Feb.,,FebFeb. direct material purchases paid in Feb.,,Total payments for direct materials,,
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