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Lisa Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $472,000 for April and $566,400 for May. Cost of goods sold is expected to
Lisa Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $472,000 for April and $566,400 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
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