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Hiking General Store prepared the following sales budget The expecte.pdf
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Hiking General Store prepared the following sales budget The expecte.pdf

29 Mar 2023••
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Hiking General Store prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of February was $12,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for April? A. $7,770 B. $9,030 C. $8,400 D. $10,920.

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Hiking General Store prepared the following sales budget The expecte.pdf

  1. Hiking General Store prepared the following sales budget: The expected gross profit rate is 30% and the inventory at the end of February was $12,000. Desired inventory levels at the end of the month are 30% of the next month's cost of goods sold. What are the total purchases budgeted for April? A. $7,770 B. $9,030 C. $8,400 D. $10,920
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