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*NEED URGENT HELP UPVOTE GUARANTEED* 1. Expected sales: June $611,000; July $646,000. 2. Cost of goods sold is expected to be 55% of sales. 3.
*NEED URGENT HELP UPVOTE GUARANTEED*
1. | Expected sales: June $611,000; July $646,000. | ||
2. | Cost of goods sold is expected to be 55% of sales. | ||
3. | Desired ending merchandise inventory is 30% of the following months cost of goods sold. | ||
4. | The beginning inventory at July 1 will be the desired amount. |
Calculate the budgeted merchandise purchases for June
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