Question: Step by step instructions Hammond's Cookie Toppings makes payments on its inventory purchases as follows 25% in the month of purchase 65% the following month

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Hammond's Cookie Toppings makes payments on its inventory purchases as follows 25% in the month of purchase 65% the following month and 10% in the second month following purchase. Budgeted inventory purchases for June, July, and August are $15,000, $19 000 and $24,000, respectively What is the budgeted amount of cash payments to account for inventory in August at Hammond's Cookie Toppings? O A. $18,500 B. $19,850 O C. $5,800 O D. $7.850

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