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Vaughn Company estimates that 2022 sales will be $39,200 in quarter 1,$47,040 in quarter 2 , and $56,840 in quarter 3 , Cost of goods

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Vaughn Company estimates that 2022 sales will be $39,200 in quarter 1,$47,040 in quarter 2 , and $56,840 in quarter 3 , Cost of goods sold is 50% of sales. Management desires to have ending merchandise inventory equal to 10% of the next quarter's expected cost of goods sold. Prep

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