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Karen Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $344,000 for April and $412,800 for May. Cost of goods sold is expected
Karen Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $344,000 for April and $412,800 for May. Cost of goods sold is expected to be 75% of sales. The company's desired ending inventory is 10% of the following month's cost of goods sold. Compute the required purchases for April. KarenWholesalers Purchases Budget
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