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For questions 31-32, use the information below: Angel Company has the following data: Budgeted sales July August September October 2,200,00 2,340,000 2,520,000 3,200,00 All
For questions 31-32, use the information below: Angel Company has the following data: Budgeted sales July August September October 2,200,00 2,340,000 2,520,000 3,200,00 All merchandise are sold at 40% above cost Beginning inventories of each month are budgeted at 25% of the following month's budgeted sale. 31. How much is the projected merchandise purchases for the month of July? 32. How much is the projected merchandise purchases for the month of August?
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
