Use the following information to answer Problems below .
Pottery Farm Co. manufactures Bowls, Plates, and Cups. Management is preparing the budgets for September, and has accumulated the following information:

-Pottery Farm is located near a clay supply store, and only purchases materials as they are needed in production: they do not carry a materials inventory. The company has an agreement to pay their supplier 60% of the cost of purchases in the period bought, and the remainder in the period following. The Accounts Payable balance at the beginning of September is $80,000.
What is the amount budgeted to be paid in September for direct materials?

Question

Use the following information to answer Problems below . 
Pottery Farm Co. manufactures Bowls, Plates, and Cups. Management is preparing the budgets for September, and has accumulated the following information:
 
-Pottery Farm is located near a clay supply store, and only purchases materials as they are needed in production: they do not carry a materials inventory. The company has an agreement to pay their supplier 60% of the cost of purchases in the period bought, and the remainder in the period following. The Accounts Payable balance at the beginning of September is $80,000. 
What is the amount budgeted to be paid in September for direct materials?

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The Answer of Use the following information to answer Problems below . 
Pottery Farm Co. manufactures Bowls, Plates, and Cups. Management is preparing the budgets for September, and has accumulated the following information:
 
-Pottery Farm is located near a clay supply store, and only purchases materials as they are needed in production: they do not carry a materials inventory. The company has an agreement to pay their supplier 60% of the cost of purchases in the period bought, and the remainder in the period following. The Accounts Payable balance at the beginning of September is $80,000. 
What is the amount budgeted to be paid in September for direct materials?

Use the Following Information to Answer Problems Below