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 View * History Bookmarks loce Instructor Use the following to answer questions 1 and 2: Athens Manufacturing Company has budgeted the following raw material purchases for the last four months of the year: September $850,000 October............. $900,000 November.......... $810,000 December... $780,000 At Athens, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. 1 pts Question 1 Athens' total budgeted cash payments for raw materials in November will be: $832,500 $202,500 $862,500 $877,500
Question 2 Athens' budgeted balance for accounts payable at December 31 is: $802,500 O $607,500 $585,000 $780,000

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