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Question Content Area Finch Company began its operations on March 31 of the current...

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Accounting

Question Content Area

Finch Company began its operations on March 31 of the current year. Finch has the following projected costs:

Line Item Description April May June
Manufacturing costs* $159,000 $191,000 $214,000
Insurance expense** 900 900 900
Depreciation expense 1,850 1,850 1,850
Property tax expense*** 570 570 570

*Of the manufacturing costs, three-fourths is paid for in the month they are incurred; one-fourth is paid in the following month. **Insurance expense is $900 a month; however, the insurance is paid four times yearly in the first month of the quarter (i.e., January, April, July, and October). ***Property tax is paid once a year in November.

The cash payments for Finch Company expected in the month of June are

a. $47,750

b. $160,500

c. $256,000

d. $208,250

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