2. (TCO 2) Favata Company has the following information Month Budgeted Sales June $60,000 July...
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2. (TCO 2) Favata Company has the following information Month Budgeted Sales June $60,000 July 51,000 August 40,000 September 70,000 October 72,000 In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales. Prepare a purchases budget for July through September.
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