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In May 2 0 2 2 , the budget committee of Indigo Stores assembles the following data for preparing the merchandise purchases budget for the
In May the budget committee of Indigo Stores assembles the following data for preparing the merchandise purchases budget for the month of June:
Expected sales: June $; July $
Cost of goods sold is expected to be of sales.
Desired ending merchandise inventory is of the following month's cost of goods sold.
The beginning inventory at June will be the desired amount.
a
Calculate the budgeted merchandise purchases for June.
Budgeted merchandise purchases
$
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