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Question 2 : Dollarama is preparing its merchandise purchases budget. Budgeted sales are $ 4 0 0 , 0 0 0 for April and $

Question 2: Dollarama is preparing its
merchandise purchases budget. Budgeted sales are $400,000 for April and
$480,000 for May. Cost of goods sold is expected to be 65% of sales. The
companys desired ending inventory is 15% of the following months cost of
goods sold. Compute the required purchases for April.

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