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Prepare purchases budget for July through September

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Reference no: EM132548972

Question - Alexander Merchandising Company has the following information for the following months in fiscal year 2012.

Month Budget Sales

June Birr 80,000

July 70,000

August 65,000

September 55,500

October 75,500

In addition, the gross profit rate is 45% and the desired inventory level is 40% of the next month's cost of sales.

Required - Prepare purchases budget for July through September.

Reference no: EM132548972

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