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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for April and $490,000 for May. Cost of goods sold is expected to
Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for April and $490,000 for May. Cost of goods sold is expected to be 64% of sales. The company's desired ending inventory is 24% of the following month's cost of goods sold. Compute the required purchases for April. Moore Wholesalers Purchases Budget $ ta V:
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