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Executive officers of Stuart Company are wrestling with their budget for the next year. The following are two different sales estimates provided by two difference

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Executive officers of Stuart Company are wrestling with their budget for the next year. The following are two different sales estimates provided by two difference sources. Stuart's past experience indicates that cost of goods sold is about 60 percent of soles revenue. The company tries to maintain 10 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending irmentory is $27,000 Next year's ending inventory is budgeted to be $28,000 Required a. Prepare an irventory purchases budget using the sales manager's estimate. b. Prepsre on inventory purchases budget using the marketing consultant's estimate. Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget using the sales manager's estimate. (Round your final answers to nearest whole doliar amount: Complete this question by entering your answers in the tabs below. Prepare an inventory purchases budget using the marketing consultant's estimate. (Round your final answers to nearest whole dollar amount.)

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