Mary Moore Retailers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for April...
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Accounting
Mary Moore Retailers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for April and $500,000 for May. Cost of goods sold is expected to be 60% of sales. The companys desired ending inventory is 20% of the following months cost of goods sold. Compute the required purchases for April.
Mary Moore Retailers
Purchases Budget
For the Month of April
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