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Tildy Corporation projected sales and production in units for the coming year as follows: Cash-related...

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Accounting

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Tildy Corporation projected sales and production in units for the coming year as follows: Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $110,000 per month, which includes 22,000 of depreciation expense, and are paid in the month incurred. The accounts payable balance on March 31 totals $193,000, which will be paid in April. All units are sold on account for $32 each. Cash collections from sales are budgeted at 60% in the month of sale, 40% in the month following the month of sale. Accounts reccivable on March 31 was $192,000. Wrat is the budgeted Accounts Payable at the end of Juhe

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