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Fosnight Enterprises prepared the following sales budget: Month March April May Budgeted Sales $6000 $15,000 $13,000 $15,000 The expected gross profit rate is 20% and

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Fosnight Enterprises prepared the following sales budget: Month March April May Budgeted Sales $6000 $15,000 $13,000 $15,000 The expected gross profit rate is 20% and the inventory at the end of February was $12,000. Desired inventory levels at the end of the month are 10% of the next month's cost of goods sold. What are the total purchases budgeted for April? $1200 $13,200 $12,160 $11,840

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