Find the following for the given information:

ACCOUNTS PAYABLE, ENDING

BUDGETED PAYMENTS TO SUPPLIERS

BUDGETED MATERIALS PURCHASES PER QUARTER AND TOTAL

 

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Inventory, end: Finished Goods Materials 2020 Q1 2021 60000 75000 Budgeted production: Budgeted Sales Add Finished Goods, end Total need in units Less Finished Goods, beginning Budgeted Production Q2 Inventory, beginning Materials 75,000 lbs Budgeted Sales Q3 Q1 80000 20% of next quarter's sales 30% of current quarter's requirements Note: to produce 1 unit of FG: 3 lbs of material @ P1.20/lb 60000 16000 76000 12000 64000 70000 Q2 Q4 80000 14000 94000 16000 78000 90000 Q3 70000 18000 88000 14000 74000 Q4 Terms of purchase: 2/30, n/45 Policy in payment: 55% is paid in the quarter of purchase and avail 2% discount balance paid in the following quarter Accounts Payable, beginning P81,000 90000 15000 105000 18000 87000 Inventory, end: Finished Goods Materials 2020 Q1 2021 60000 75000 Budgeted production: Budgeted Sales Add Finished Goods, end Total need in units Less Finished Goods, beginning Budgeted Production Q2 Inventory, beginning Materials 75,000 lbs Budgeted Sales Q3 Q1 80000 20% of next quarter's sales 30% of current quarter's requirements Note: to produce 1 unit of FG: 3 lbs of material @ P1.20/lb 60000 16000 76000 12000 64000 70000 Q2 Q4 80000 14000 94000 16000 78000 90000 Q3 70000 18000 88000 14000 74000 Q4 Terms of purchase: 2/30, n/45 Policy in payment: 55% is paid in the quarter of purchase and avail 2% discount balance paid in the following quarter Accounts Payable, beginning P81,000 90000 15000 105000 18000 87000

Answer rating: 100% (QA)

1 Accounts Payable Ending P147258 Purchase in Q4 is P327240 out of which 147258 327240 x 45 is payab... View the full answer