Multiple Choice
Purchases of direct material for May were $114,000,while expected purchases for June and July are $121,000 and $140,000,respectively.All purchases are paid 75% in the month of purchase and 25% the following month.Calculate the budgeted payments for the month of June.
A) $119,250
B) $115,750
C) $121,000
D) $30,250
Correct Answer:
Verified
Correct Answer:
Verified
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