Question: need help with question 12 Payne Comparry provided the following information relevant to its irventory sales and purchases for December Year 1 and the first
need help with question 12
Payne Comparry provided the following information relevant to its irventory sales and purchases for December Year 1 and the first quarter of Year 2 Desired enoing inventory levels are 25\% of the following montris projected cout of goods sold. The compony purchoses all inventory on account dandary Year 2 budgeted purchases are $150,000. The normsi tichecule for inyemory payments is 60 s poyment in month of purchase and 40 s pyyment in menth following purchase. Gudgeted cash poyments for itiventary in Febristy Yoar 2 would be
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