M8-17 (Algo) Preparing Merchandise Purchases Budget [LO 8-5] Garfield Corporation expects to sell 1,400 units...
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M8-17 (Algo) Preparing Merchandise Purchases Budget [LO 8-5] Garfield Corporation expects to sell 1,400 units of its pet beds in March and 500 units in April. Each unit sells for $130. Garfields ending inventory policy is 30 percent of the following months sales. Garfield pays its supplier $60 per unit. Compute Garfield's budgeted purchases of pet beds for March.
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