Fuson Corporation makes one product and has provided the following information to help prepare the...
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Accounting
Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are poid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 10\% of the following month's sales, The ending raw materials inventory should equal 10\% of the following month's raw materials production needs. If the budgeted cost of raw materials putchases in October is $116,772 and in November is $129120, then in November the total budgeted cash disbursements for raw materials purchases is closest to: Multiple Choice 581740 590,384 Multiple Choice $81,740 $90,384 $38,736 $120,476
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