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Perry company has provided the following information: March, $200,000, April 212,000, May 204,000, June 218,000, July 210,000. In addition, the gross profit rate is 40%
Perry company has provided the following information: March, $200,000, April 212,000, May 204,000, June 218,000, July 210,000. In addition, the gross profit rate is 40% and the desired inventory level is 30% of next months sales. Prepare a purchases budget for April through June.
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