Purchases of Direct Material for May Were $115,000,while Expected Purchases

question 69

Multiple Choice

Purchases of direct material for May were $115,000,while expected purchases for June and July are $121,000 and $136,000,respectively.All purchases are paid 25% in the month of purchase and 75% the following month.Calculate the budgeted payments for the month of June.

• A)$116,500
• B)$119,500
• C)$121,000
• D)$90,750