Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory...
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Accounting
Walker Company prepares monthly budgets. Company policy is to end each month with merchandise inventory equal to 15% of budgeted unit sales for the following month. Budgeted sales and merchandise purchases for the next three months follow. Beginning inventory on July 1 is 30,000 units. The company budgets sales of 190,000 units in October. The merchandise cont per unit is $3 Prepare the merchandise purchases budgets for the months of July. August, and September
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