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Which of the following formulas is used to determine the amount of inventory that must be pruchased in order to satisfy a company's budgeted sales?
Which of the following formulas is used to determine the amount of inventory that must be pruchased in order to satisfy a company's budgeted sales?
a. beginning inventory + Cost of goods sold = amount of inventory needed - ending inventory
b. ending inventory + cost of goods sold = amount of inventory needed - beginning inventory
c. ending inventory + amount of inventory needed = cost of goods sold - beginning inventory
d. ending inventory + beginning inventory - cost of goods sold + amount of inventory needed
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