Solution-Find the expected january accounts payable balance

Find the expected january accounts payable balance is

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Reference no: EM132655046

Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months:

Material purchases Jan- 13,240

Feb- 15350, Mar- 12170

Problem 1: Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $8,000. The expected January 31 Accounts Payable balance is:

Reference no: EM132655046

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Find the expected january accounts payable balance is

Reference no: EM132655046

Reference no: EM132655046

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