Zisk Company purchases direct materials on credit. Budgeted purchases are April, $97,000; May, $127,000; and June,...

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Zisk Company purchases direct materials on credit. Budgeted purchases are April, $97,000; May, $127,000; and June, $137,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $87,000. Prepare a schedule of cash payments for direct materials for April, May, and June. Answer is not complete. April May June Current period purchases Ending accounts payable 75% $ 72,750 $ 95,250 $ 102,750 25% 21,750 x 24,250 Total purchases $ 94,500 $ 119,500 $ 102,750 Zisk Co. Schedule of Cash Payments for Direct Materials April May June Cash payments for: Current period purchases $ 72,750 $ 95,250 $ 102,750 Prior period purchases 24,250 31,750 Total cash payments $ 119,500 $ 134,500 Zisk Company purchases direct materials on credit. Budgeted purchases are April, $97,000; May, $127,000; and June, $137,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $87,000. Prepare a schedule of cash payments for direct materials for April, May, and June. Answer is not complete. April May June Current period purchases Ending accounts payable 75% $ 72,750 $ 95,250 $ 102,750 25% 21,750 x 24,250 Total purchases $ 94,500 $ 119,500 $ 102,750 Zisk Co. Schedule of Cash Payments for Direct Materials April May June Cash payments for: Current period purchases $ 72,750 $ 95,250 $ 102,750 Prior period purchases 24,250 31,750 Total cash payments $ 119,500 $ 134,500