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ThesalesmanagerofMANIMerchandisinghasbudgetedthefollowingsalesforthe4 th quarter of2016: October 123,500 November 156,000 December 208,000 Otherbudgetestimatesare: Allmerchandisesareto sellatitsinvoicecostplus30%mark-up Beginninginventoriesofeachmontharebudgetedat40%ofthatparticularmonth'sprojectedcostofgoods sold. ***Required:Determinethe followingitems Projectedmerchandisepurchases for themonthofOctober Projectedmerchandisepurchases for themonthofNovember
- ThesalesmanagerofMANIMerchandisinghasbudgetedthefollowingsalesforthe4thquarter of2016:
| October | 123,500 |
| November | 156,000 |
| December | 208,000 |
Otherbudgetestimatesare:
- Allmerchandisesareto sellatitsinvoicecostplus30%mark-up
- Beginninginventoriesofeachmontharebudgetedat40%ofthatparticularmonth'sprojectedcostofgoods sold.
***Required:Determinethe followingitems
- Projectedmerchandisepurchases for themonthofOctober
- Projectedmerchandisepurchases for themonthofNovember
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Cost Accounting A Managerial Emphasis
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
6th Canadian edition
978-0132893534, 9780133389401, 132893533, 133389405, 978-0133392883
