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Carolina Company had the following Information: Month Budgeted Sales June $68,000 July $72,000 August $74,000 September $76,000 October $78,000 The cost of goods sold percentage

Carolina Company had the following Information: Month Budgeted Sales June $68,000 July $72,000 August $74,000 September $76,000 October $78,000 The cost of goods sold percentage is 65 % and the desired inventory level is 25% of next month's sales. Required: Prepare a purchased budget for July through September

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