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How much are the budgeted purchases for november

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Reference no: EM13973890

1. Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 80% of sales. Beginning inventory for November was $50,000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases for November?

A) $245,000
B) $65,000
C) $235,000
D) $135,000 

Reference no: EM13973890

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