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Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:
April May June
Manufacturing costs $156,100 $193,400 $215,600
Insurance expense 830 830 830
Depreciation expense 2,110 2,110 2,110
Property tax expense 590 590 590
Problem 1: The cash payments expected for Finch Company in the month of May are
a. $39,025
b. $223,100
c. $145,050
d. $184,075
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