The Zel Company, a wholesaler, budgeted the following sales for the indicated months: All merchandise is marked
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The Zel Company, a wholesaler, budgeted the following sales for the indicated months:
All merchandise is marked up to sell at its invoice cost plus \(25 \%\). Merchandise inventories at the beginning of each month are at \(30 \%\) of that month's projected cost of goods sold. Determine the dollar amount of budgeted merchandise purchases for June and July.
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