The projections of direct materials purchases that follow are for the Sombo Corporation. Purchases on Account Cash Purchases December $40,000 $30,000 January 60,000 20,000 February 50,000 35,000 March 70,000 25,000 The company pays for 60 percent of purchases on account in the month of purchase and 40 percent in the month following the purchase. What is the expected cash payment for direct
materials for the month of February?
a. $52,000
b. $72,000
c. $89,000
d. $95,000
C
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