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What dollar amount of shorts should be purchased

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Question - A department store has budgeted cost of goods sold for April of $70,000 for its women's shorts. Management wants to have $13,000 of shorts in inventory at the end of the month to prepare for the summer season. Beginning inventory in April was $7,000. What dollar amount of shorts should be purchased to meet the above plans?

Reference no: EM133189405

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