Yosko Company budgeted direct materials purchases of $192,250 in January and $139,520 in February Assume Yosko pays for direct materials purchases 70 in the month of purchase and 30 in the month after purchase The Accounts Payable balance on January 1 is $45,000 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 a box is not used in the table leave the box empty do not enter a zero )

Question

Yosko Company budgeted direct materials purchases of $192,250 in January and $139,520 in February  Assume Yosko pays for direct materials purchases 70  in the month of purchase and 30  in the month after purchase  The Accounts Payable balance on January 1 is $45,000  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 a box is not used in the table leave the box empty  do not enter a zero )

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Yosko Company budgeted direct materials purchases of $192,250 in January and $139,520 in February. Assume Yosko pays for direct materials purchases 70% in the month

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