Zisk Company purchases direct materials on credit. Budgeted purchases are April, $87,000; May, $117,000; and...
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Zisk Company purchases direct materials on credit. Budgeted purchases are April, $87,000; May, $117,000; and June, $127,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $77,000. Prepare a schedule of cash payments for direct materials for April, May, and June
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