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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $446,700 for April and $479,200 for May. Cost of goods sold is expected to

Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $446,700 for April and $479,200 for May. Cost of goods sold is expected to be 62% of sales. The companys desired ending inventory is 22% of the following months cost of goods sold.

Compute the required purchases for April.

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