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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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