Question
Liu Electronics budgeted sales of $400,000 for the month of November and cost of goods sold equal to 65% of sales. Beginning inventory was $80,000
Liu Electronics budgeted sales of $400,000 for the month of November and cost of goods sold equal to 65% of sales. Beginning inventory was $80,000 and ending inventory is estimated at $72,000. The budgeted purchases for November are _______
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Financial Accounting An Introduction
Authors: Pauline Weetman
7th Edition
1292086696, 978-1292086699
