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The Jack Company is preparing its cash budget for the month of June. The following information is available concerning its inventories:

Inventories at beginning of June $67,500
Estimated purchases for June $330,000
Estimated cost of goods sold for June $337,500
Estimated payments in June for purchases in May $56,250
Estimated payments in June for purchases prior to May $15,000
Estimated payments in June for purchases in June %80

What are the estimated cash disbursements for inventories in June?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9980352

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