QS 22-29A (Algo) Merchandising: Merchandise purchases budget LO P4 Lexi Company budgets unit sales of...
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QS 22-29A (Algo) Merchandising: Merchandise purchases budget LO P4 Lexi Company budgets unit sales of 1,300,000 in April, 1,270,000 in May, 290,000 in June, and 1,600,000 in July. Beginning inventory on April 1 is 260,000 units, and the company wants to have 20% of next month's unit sales in inventory at the end of each month. The merchandise cost per unit is $0.50. Prepare a merchandise purchases budget for the months of Aprit, May, and June
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