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Sam's Toys budgeted sales of $800,000 for the month of November and cost of goods sold equal to 70% of sales. Beginning inventory for November
Sam's Toys budgeted sales of $800,000 for the month of November and cost of goods sold equal to 70% of sales. Beginning inventory for November was $48,000 and ending inventory for November is estimated at $52,000. How much are the budgeted purchases for November? O A. $700,000 OB. $564,000 OC. $556,000 OD. $460,000
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