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Durango Co. maintains an ending inventory equal to 20% of next month's cost of budgeted sales. The cost of budgeted sales is $100,000 for October

Durango Co. maintains an ending inventory equal to 20% of next month's cost of budgeted sales. The cost of budgeted sales is $100,000 for October and $200,000 for November. Calculate required purchases for the month of October

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