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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $410,000 for April and $510,000 for May. Cost of goods sold is expected to
Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $410,000 for April and $510,000 for May. Cost of goods sold is expected to be 62% of sales. The companys desired ending inventory is 21% of the following months cost of goods sold. Compute the required purchases for April.
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