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A retailing company makes a gross profit margin of 50% on sales. The budgeted sales revenue for the next period is 160,000. The company plans

A retailing company makes a gross profit margin of 50% on sales. The budgeted sales revenue for the next period is 160,000. The company plans to decrease inventory by 20 financial period. Opening inventory is valued at $26,000.

What are the budgeted inventory purchases for the next financial period?

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