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Mason's Bookstore budgeted sales of $ 4 0 0 , 0 0 0 for the month of November and cost of goods sold equal to

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Mason's Bookstore budgeted sales of $400,000 for the month of November and cost of goods sold equal to 80% of sales. Beginning inventory for November was $48,000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases for November?
A. $313,000
B. $217,000
C. $297,000
D. $327,000
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