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Mary Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $320,000 for April and $384,000 for May, Cost of goods sold is expected to

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Mary Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $320,000 for April and $384,000 for May, Cost of goods sold is expected to be 70% of sales. The company's desired ending inventory is 15% of the following month's cost of goods sold Compute the required purchases for April MaryWholesalers Purchases Budget

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