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Exercise 22-2 Merchandising: Preparation of purchases budgets (for three periods) LO P1 Walker Company prepares monthly budgets. The current budget plans for a September ending
Exercise 22-2 Merchandising: Preparation of purchases budgets (for three periods) LO P1 Walker Company prepares monthly budgets. The current budget plans for a September ending inventory of 38,000 units. Company policy is to end each month with merchandise inventory equal to a specified percent of budgeted sales for the following month. Budgeted sales and merchandise purchases for the next three months follow.
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