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Linda Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $360,000 for April and...

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Accounting

Linda Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $360,000 for April and $432,000 for May. Cost of goods sold is expected to be 70% of sales. The company's desired ending inventory is 15% of the following month's cost of goods sold.
Compute the required purchases for April.
Linda Wholesalers Purchases Budget
$
$
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