Delleate, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June...
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Accounting
Delleate, Inc. has prepared the following direct materials purchases budget: Month Budgeted DM Purchases June $68,000 July 77,500 August 76,300 September 75,000 October 72,000 All purchases are paid for as follows: 10% in the month of purchase, 50% in the following month, and 40% two months after purchase. Calculate total cash payments made in October for purchases. A. $68,020 B. $37,720 C. $44,700 D. $75,220
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