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Boyd's Bookstore budgeted sales of $400,000 for the month of November and cost of goods sold equal to 70% of sales. Beginning inventory for
Boyd's Bookstore budgeted sales of $400,000 for the month of November and cost of goods sold equal to 70% of sales. Beginning inventory for November was $49,000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases for November? O A. $288,000 OB. $176,000 C. $274,000 D. $296,000
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
