Milstrap Corporation manufactures product X and the following information applies: Production (Units): January (75000), February...
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Accounting
Milstrap Corporation manufactures product X and the following information applies:
Production (Units): January (75000), February (100,000), March (120,000)
Each Unit has a cost of $9.00
December 31, Accounts Payable Balance is $600,000
They pay their vendors with the following pattern:
25% in the month of purchase
75% in the following purchase
What are the cash disbursements for January, February and March? Show each month separately.
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