Question

PB10.

Answer 1

Answer:

$4,367; $5,635

Explanation:

Accounts payable on April 30:

= 20% of direct material purchases of April

= $21,836 x 20%

= $4,367.2

= $4,367  (Rounded to whole dollar)

Accounts payable on May 31:

= 20% of direct material purchases of May

= $28,173 x 20%

= $5,634.6

= $5,635 (Rounded to whole dollar)

Therefore, the balance in accounts payable for April 30, and May 31 are $4,367 and $5,635, respectively.