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Kimberly Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $416.000 for April and $499,200 for May. Cost of goods sold is expected

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Kimberly Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $416.000 for April and $499,200 for May. Cost of goods sold is expected to be 65% of sales. The company's desired ending inventory is 20% of the following month's cost of goods sold. Compute the required purchases for April. KimberlyWholesalers Purchases Budget > v

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