Budgeted material purchases and payments to suppliers
On January 1 of the current period,Gotham Corporation has direct materials on hand of $82,000.Of this amount,Gotham owes suppliers $51,000 on account.The company has prepared the following budget estimates for January: (a)Purchases of direct materials budgeted in January amount to: $_______________
(b)Cash payments to suppliers budgeted in January amount to: $_______________
Computations

Question

Budgeted material purchases and payments to suppliers
On January 1 of the current period,Gotham Corporation has direct materials on hand of $82,000.Of this amount,Gotham owes suppliers $51,000 on account.The company has prepared the following budget estimates for January:  (a)Purchases of direct materials budgeted in January amount to: $_______________
(b)Cash payments to suppliers budgeted in January amount to: $_______________
Computations

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The Answer of Budgeted material purchases and payments to suppliers
On January 1 of the current period,Gotham Corporation has direct materials on hand of $82,000.Of this amount,Gotham owes suppliers $51,000 on account.The company has prepared the following budget estimates for January:  (a)Purchases of direct materials budgeted in January amount to: $_______________
(b)Cash payments to suppliers budgeted in January amount to: $_______________
Computations

Budgeted Material Purchases and Payments to Suppliers