ABC Company estimates the following raw material purchases for the final four months of the year:...
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ABC Company estimates the following raw material purchases for the final four months of the year: September $830,000 October $940,000 November $860,000 December $780,000 At ABC Company, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. In ABC Company's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown? 5468,000 O 5564,000 O $780,000 $588.000 ABC Company estimates the following raw material purchases for the final four months of the year: September $830,000 October $940,000 November $860,000 December $780,000 At ABC Company, 40% of raw materials purchases are normally paid for in the month of purchase. The remaining 60% is paid for in the month following the purchase. In ABC Company's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown? 5468,000 O 5564,000 O $780,000 $588.000
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