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Determine budgeted cost of merchandise purchases for july

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Question - Merchandising - Computing merchandise purchases - Montel Company's July sales budget shows sales of $640,000. The company budgets beginning merchandise inventory of $54,000 and ending merchandise inventory of $40,000 for July. Cost of goods sold is 30% of sales. Determine the budgeted cost of merchandise purchases for July.

Reference no: EM133182707

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