Monte Company's July sales budget shows sales of $1.200,000. The company budgets beginning merchandise inventory...
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Accounting
Monte Company's July sales budget shows sales of $1.200,000. The company budgets beginning merchandise inventory of $100.000 and ending merchandise inventory of $80,000 for July. Cost of goods sold is 60% of sales. The budgeted cost of merchandise purchases for July is: Multiple Choice $800.000 5680.000 $740.000 $700,000
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