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Sam's Toys budgeted sales of $800,000 for the month of November and cost of goods sold equal to 60% 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 60% of sales. Beginning inventory for November was S47.000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases for November? OA. S472,000 O B. $488,000 c. $378,000 D $698,000
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