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The manager of MN Company give you the following data to prepare the required purchases for the coming three months Estimated sales for January$60,000.00 For
The manager of MN Company give you the following data to prepare the required purchases for the coming three months
Estimated sales for January$60,000.00
For the coming
5%
Three months
Cost of goods sold (CGS) 60% of sales
Beginning inventory $10,000.00
Ending inventory equal to $10,000.00
Of next
20% of next month CGS
Estimated purchases for March should be between
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