=+Total estimated for year ending 30 June 2015 $2 400 000 All purchases are payable within 15
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=+Total estimated for year ending 30 June 2015 $2 400 000 All purchases are payable within 15 days. Approximately 60% of the purchases in a month are paid that month and the rest paid in the following month. The average unit purchase cost is $80. Target ending inventories are 500 units plus 10% of the next month’s unit sales.
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Cost Accounting A Managerial Emphasis
ISBN: 9781442563377
2nd Edition
Authors: Monte Wynder, Madhav V. Rajan, Srikant M. Datar, Charles T. Horngren, William Maguire, Rebecca Tan
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