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Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 1 5 % of budgeted unit sales for
Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to
of budgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months
follow. Beginning inventory on July is units. The company budgets sales of units in October. The
merchandise cost per unit is $
Prepare the merchandise purchases budgets for the months of July. August, and September.
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