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Exercise 23.1(Algo) Budgeting Purchases and Cash Payments (LO23-4, LO23-5) The following information is from...

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Accounting

Exercise 23.1(Algo) Budgeting Purchases and Cash Payments (LO23-4, LO23-5)
The following information is from the manufacturing budget and the budgeted financial statements of Schenck Development Partners:
\table[[Direct materials inventory, January 1,$68,000
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