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Question - A company has budgeted direct materials purchases of $220000 in Ju ly and $390000 in August. Past experience indicates that the company pays for 70% of its purchases in the month of purchase and the remaining 30% in the next month. During August, the following items were budgeted:
Wages Expense $50000
Purchase of office equipment 62000
Selling and Administrative Expenses 33000
Depreciation Expense 26000
Required - Determine the budgeted cash disbursements for August?
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