Budgeted material purchases and payments to suppliers On January 1 of the current period, Gotham Corporation has direct materials on hand of $82,000. Of this amount, Gotham owes suppliers $51,000 on account
The company has prepared the following budget estimates for January:
(a) Purchases of direct materials budgeted in January amount to: $_______________
(b) Cash payments to suppliers budgeted in January amount to: $_______________
Computations
What will be an ideal response?
a) 317,000 (b) 306,000
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