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Calculate the budgeted payments for the month of June

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Reference no: EM133085805

Question - Purchases of direct material for May were $103,000, while expected purchases for June and July are $123,000 and $140,000, respectively. All purchases are paid 25% in the month of purchase and 75% the following month. Calculate the budgeted payments for the month of June.

Reference no: EM133085805

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