A A hardware store has budgeted sales of $36,000 for its power tool department in July. Management

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A A hardware store has budgeted sales of $36,000 for its

power tool department in July. Management wants to

have $7,000 in power tool inventory at the end of July. Its

beginning inventory of power tools is expected to be

$6,000. What is the budgeted dollar amount of merchandise

purchases?

a. $36,000 c. $42,000 e. $37,000

b. $43,000 d. $35,000

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