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A merchandising company has computed that its required merchandise purchases are $513,600. The company's budgeted cost of goods sold is $835,200, and its desired ending

A merchandising company has computed that its required merchandise purchases are $513,600. The company's budgeted cost of goods sold is $835,200, and its desired ending inventory is budgeted at $98,880. What is the company's budgeted beginning inventory?

Select one:

a. $321,600

b. $414,720

c. $420,480

d. $222,720

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