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Formula please, thank you Consider the following information provided by Smith & Jones for the three months ending 30 September: Inventory balance (actual) 1 July

Formula please, thank you

Consider the following information provided by Smith & Jones for the three months ending 30 September:

Inventory balance (actual) 1 July $88,000

Inventory balance (budgeted) 30 September $93,000

Budgeted sales $312,000

Budgeted inventory purchases $64,000.

The budget cost of goods sold for the September quarter

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