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Prepare a schedule of cash payments for direct materials

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Question - Zisk Company purchases direct materials on credit. Budgeted purchases are April, $85,000; May, $115,000; and June, $125,000. Cash payments for purchases are: 75% In the month of purchase and 25% In the first month after purchase. Purchases for March are $75,000. Prepare a schedule of cash payments for direct materials for April, May, and June.

Reference no: EM133057499

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