Beginning inventory required purchase cost of goods is 60

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Inventory purchase budget using the sales-manager's estimate 1st 2nd 3rd 4th Sales 380,000 310,000 280.000 480,000 Cost of goods sold Plus: desired ending Total inventory Less: Beginning inventory Required purchase cost of goods is .60 of sales revenue, .10 on expected cost of goods, ending inventory is 29,000. next year invenyoty budget is expected to 30,000.

Reference no: EM13569529

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