A company budgets unit sales of 720 in January, 800 in February, 860 in March,...
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Accounting
A company budgets unit sales of 720 in January, 800 in February, 860 in March, and 700 in April. The company wants to have 30% of next month's unit sales in inventory at the end of each month. Beginning inventory on January 1 is 216 units. The merchandise cost is $5 per unit. Prepare a merchandise purchases budget for the months of January, February, and March
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