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What purchases budgeted for february total

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Reference no: EM132879437

Shathiaga Company provides the following data for next year:

Month          Budgeted Sales
January        P120,000
February       108,000
March           132,000
April              144,000

The gross profit rate is 40% of sales. Inventory at the end of December is P21,600 and target ending inventory levels are 30% of next month's sales, stated at cost.

Problem 1: Purchases budgeted for January total:

A) P130,800
B) P72,000
C) P69,840
D) P74,160

Problem 2: Purchases budgeted for February total:

A) P69,120
B) P60,480
C) P115,200
D) P64,800

Reference no: EM132879437

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