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Tuscarora,Inc., a merchandising company, has the following budgeted figures: Jan. Feb. Mar. April Sales. $51,200. $60,000. $85,000. $94,000 Cost of goods sold. 60% of sales
Tuscarora,Inc., a merchandising company, has the following budgeted figures: Jan. Feb. Mar. April Sales. $51,200. $60,000. $85,000. $94,000 Cost of goods sold. 60% of sales $10,000+25% Of next month's Sales Required ending inventory Inventory on hand on Jan 1. $30,000 Calculate the budgeted purchases for the month of January. Answer choices A)$25,720 B) $55,720 C) $5,720 D) $25,000
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