Solved: Chriss cookie toppings makes payment on its inventory, Financial Accounting

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Chriss cookie toppings makes payment on its inventory

Chris's Cookie toppings makes payment on its inventory purchase as follows: 25% in the month of purchase, 65% in the following month, and 10% in the second month following purchase. Budgeted inventory purchases for June, July and August are $15,000, $19,000 and $24,000, respectively. At what amunt are cash payments for inventory in Ausgus budgeted?

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