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monte company's july sales of $ 1 , 2 0 0 , 0 0 0 . the company budgets beginining merchandise inventory of 1 0

monte company's july sales of $1,200,000. the company budgets beginining merchandise inventory of 1000,000 and ending merchandise inventory of $80,000 for july. cost of goods sold is 60% of sales . the budgeted cost of merchndise purchases for july is

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