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TB MC Qu. 20-136 (Algo) Fortune Company's direct materials... Fortune Company's direct materials budget shows...

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TB MC Qu. 20-136 (Algo) Fortune Company's direct materials... Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Payments for purchases are expected to be made 50% in the month of purchase and 50% in the month following purchase. The December Accounts Payable balance is $6,300. The budgeted cash payments for materials in January are: Multiple Choice $12,410. $9,260. $6,300. $18,520. $13,275

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