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Business, 24.11.2021 14:00 barstr9146

Memphis Company's May sales budget calls for sales of $920,000. The store expects to begin May with $52,000 of inventory and to end the month with $57,000 of inventory. Gross margin is typically 35% of sales. Compute the budgeted cost of merchandise purchases for May.

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Memphis Company's May sales budget calls for sales of $920,000. The store expects to begin May with...
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