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  3. the following information is from the manufacturin

The following information is from the manufacturing budget and the budgeted financial statements of Schenck...

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Accounting

The following information is from the manufacturing budget and the budgeted financial statements of Schenck Development Partners.
Direct materials inventory, January 1 $ 68,000
Direct materials inventory, December 3130,000
Direct material usage budgeted for the year 190,000
Accounts payable to suppliers of materials, January 150,000
Accounts payable to suppliers of materials, December 3179,000
a. Compute the budgeted amount for purchases of direct materials during the year.
b. Compute the budgeted amount for cash payments during the year to suppliers of materials.

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