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X Company has the following information from its purchases budget, payroll budget and capital expenditures budget. Month Inventory Purch.

X Company has the following information from its purchases budget, payroll budget and capital expenditures budget.


Month  Inventory Purch. Payroll   Budgeted Capital Expenditures Depreciation


Jan $80,000 $40,000 $10,000 $15,000

Feb 100,000 $50,000 $12,000 $15,000

March 70,000 $60,000 14,000 $15,000



The company pays for all of its purchases of inventory in the month following the purchase. It pays 50% of its payroll in the month the wages are earned and 50% in the next month and it pays for all capital expenditures in the month of the purchase.


Compute the total budgeted accounts payable and wages payable on February 

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Total budgeted accounts payable on Jan - $30,000 Total budgeted... View the full answer

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