Montel Company's July sales budget shows sales of $530,000. The company budgets beginning merchandise inventory...
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Montel Company's July sales budget shows sales of $ The company budgets beginning merchandise inventory of $ and ending merchandise inventory of $ for July. Cost of goods sold is of sales. Determine the budgeted cost of merchandise purchases for July. HInt: Use the relation Beginning Inventory Purchases Cost of Goods Sold Ending Inventory to solve for purchases. Budgeted Cost of Merchandise Purchases 
Montel Company's July sales budget shows sales of $ The company budgets beginning merchandise inventory of $ and ending merchandise inventory of $ for July. Cost of goods sold is of sales. Determine the budgeted cost of merchandise purchases for July. HInt: Use the relation Beginning Inventory Purchases Cost of Goods Sold Ending Inventory to solve for purchases.
Budgeted Cost of Merchandise Purchases
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