Desired ending inventory levels are 25% of the following month's projected cost of goods sold. the company purchases all inventory on account. january 2014 budgeted purchases are $150,000. the normal schedule for inventory payments is 60% payment in month of purchase and 40% payment in month following purchase. budgeted cash payments for inventory in february 2014 would be:
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Desired ending inventory levels are 25% of the following month's projected cost of goods sold. the c...
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