Asked by Logan MacNeil on Jul 08, 2024
Verified
If the budgeted cost of raw materials purchases in February is $50,152, then the budgeted accounts payable balance at the end of February is closest to:
A) $19,971
B) $50,152
C) $15,046
D) $35,106
Raw Materials
Basic materials that are used in the production process to create finished goods, often reflecting a significant portion of manufacturing costs.
Accounts Payable
Liabilities owed by a business to creditors for goods and services purchased on credit.
- Compute budgeted accounts payable balance.
Verified Answer
ZK
Zybrea KnightJul 14, 2024
Final Answer :
D
Explanation :
The budgeted accounts payable balance at the end of February is:
Learning Objectives
- Compute budgeted accounts payable balance.
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