The Express Company is preparing its cash budget for the month of June. The following...
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Accounting
The Express Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of June Estimated purchases of June Estimated cost of goods sold for June Estimated payments in June for purchases in May Estimated payments in June for purchases prior to May Estimated payments in June for purchases in June $ 77,500 350,000 357,500 76, 250 35,000 80% What are the estimated cash disbursements for inventories in June
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