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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for April and $460,000 for May. Cost of goods sold is expected to
Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $400,000 for April and $460,000 for May. Cost of goods sold is expected to be 65% of sales. The company's desired ending inventory is 19% of the following month's cost of goods sold. Calculate the required purchases for April. MOORE WHOLESALERS Merchandise Purchases Budget For the Month of April, 2020 $ $
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