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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $403,900 for April and $519,500 for May. Cost of goods sold is expected to
Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $403,900 for April and $519,500 for May. Cost of goods sold is expected to be 62% of sales. The companys desired ending inventory is 24% of the following months cost of goods sold. Compute the required purchases for April.
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