Solution-What are the estimated cash disbursements for

What are the estimated cash disbursements for inventories

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Reference no: EM132815678

The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories:

Inventories at beginning of June $67,500

Estimated purchases of June 330,000

Estimated cost of goods sold for June 337,500

Estimated payments in June for purchases in May 56,250

Estimated payments in June for purchases prior to May 15,000

Estimated payments in June for purchases in June 80%

Problem 1: What are the estimated cash disbursements for inventories in June?

Reference no: EM132815678

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What are the estimated cash disbursements for inventories

Reference no: EM132815678

Reference no: EM132815678

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