Given the following figures and an initial markup of 46%, calculate planned purchases at cost...
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Accounting
Given the following figures and an initial markup of 46%, calculate planned purchases at cost for the month: November Net Sales: $185,000 BOM Stock: $440,500 EOM Stock: $360,000 Reductions: $28,000 Select one a. $158,490 b. $71,550 c. $132,500 d. $293,500
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