The Express Company is preparing its cash budget for the month of June. The following information is
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Question:
The Express Company is preparing its cash budget for the month of June. The following information is available regarding your inventories:
| Inventories at the beginning of June | ps | 67,500 | |
| Estimated purchases for June | 330.000 | ||
| Estimated cost of goods sold for June | 337,500 | ||
| Estimated payments in June for purchases in May | 56,250 | ||
| Estimated payments in June for purchases prior to May | 15,000 | ||
| Estimated payments in June for purchases in June | 80 | % | |
What are the estimated cash outlays for inventories in June?
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