General, Inc has prepared the following direct materials


Question Description:

24.99

General, Inc has prepared the following direct materials purchases budget: June: 69,000 July: 78,500 August: 78,100 September: 76,000 October: 78,200 All the purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate budgeted balance of accounts payable at the end of October. a. 46,920 b. 7,600 c. 15,420 d. 54,520

Answer

24.99