Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 8 - Master Budgeting - The Foundational 15 - Required - Page 372: 8

Answer

$74,060

Work Step by Step

The estimated accounts payable balance at the end of July = The estimated cost of raw materials purchases for July * 70% = $74,060 (We have the estimated cost of raw materials purchases for July from answer 6. And 70% is the unpaid percent.)
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