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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Sander Enterprises prepared the following sales budget:

Month   Budgeted Sales
March   $8,000
April   $13,000
May   $12,000
June   $14,000

The expected gross profit rate is 40% and the inventory at the end of February was $10,000. Desired inventory levels at the end of the month are 20% of the next month's cost of goods sold.

What are the total purchases budgeted for May?
A) $7,680
B) $7,440
C) $8,640
D) $6,960
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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8 years ago
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bernie2981 Author
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8 years ago
Thank you, thank you, thank you!
TheMoffattMan
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Yesterday
This helped my grade so much Perfect
fxinternational
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2 hours ago
Thanks
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