If raw materials inventory purchases are equal to 60% of the following month’s sales, 50% of purchases are paid for in the month following the purchase, and the remainder is paid in the following month, what formula would you need to enter in D12 to find the payments in November?
a) =$B11*D$9
b) =$B12*E$9
c) =$B9*C$9
d) =$B12*C$9
e) =$B9*C$2
d) =$B12*C$9
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