Of the Office Supplies Sandhu Consulting Buys Each Month, 60

Essay

Of the office supplies Sandhu Consulting buys each month, 60% are paid for during the same month and 40% are paid for during the following month. During July, Sandhu purchased $600 of office supplies. During August, Sandhu paid $450 for office supplies. The office supplies inventory was $160 on July 31 and was $90 on August 31. What should be reported as office supplies expense for August?