Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production....

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Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materi

business accounting

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Answer 1

Answer #1

Cash to be paid in May

= (410,300*30%) + (374,300*70%)

= 385,100

Cash to be paid in June

= (416,700*30%) + (410,300*70%)

= 412,220

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Answer 2

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