Monty, Inc. has budgeted direct materials purchases of $425,000 in March and $500,000 in April....

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Accounting

Monty, Inc. has budgeted direct materials purchases of $425,000 in March and $500,000 in April. The company policy is to pay for 60% of purchases in the month of purchase and the remaining 40% in the next month. Other expenses are paid during the month when incurred. During April, the following items were budgeted:
\table[[Salaries and wages expense,$134,000
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