Question: Can you help me solve this general accounting problem with the correct methodology? A manufacturing company plans to purchase inventory for the first quarter of

Can you help me solve this general accounting problem with the correct methodology?

A manufacturing company plans to purchase inventory for the first quarter of 2024 as follows: Month Purchases January $180,000 February $220,000 March $150,000 April $240,000 May $200,000 The company typically pays 40% of inventory purchases in the month of purchase, 45% in the following month, and 15% in the second month after purchase. Based on this information, what are the forecasted April cash payments for inventory

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