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Volga Company is a small wholesaler of peanuts and specialty food products. Sales for the next three months are budgeted as follows: November $330,000 December

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Volga Company is a small wholesaler of peanuts and specialty food products. Sales for the next three months are budgeted as follows: November $330,000 December $340,000 January $330,000 Collections are expected to be: Month of sale: 80% Month following sale: 17% Uncollectible: 3% Cost of goods sold as a percentage of sales is: 75% Ending inventory equal to 70% of the next month's cost of goods sold. Payment for merchandise is made in the month following the sale. Other monthly expenses paid in cash are: $21, 800 Monthly depreciation is $19,000 and ignore taxes. The cost of December merchandise purchases would be: $249, 750 $428, 250 $252, 750 $255,000 None of the above

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