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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for April and...

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Accounting

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Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for April and $500,000 for May. Cost of goods sold is expected to be 70% of sales. The company's desired ending inventory is 18% of the following month's cost of goods sold. Calculate the required purchases for April. MOORE WHOLESALERS Merchandise Purchases Budget For the Month of April, 2020 Budgeted Cost Of Goods Sold $ Add Desired Ending Merchandise Inventory Less : Beginning Merchandise Inventory Budgeted Merchandise Purchases $

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