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Business, 17.01.2022 14:00 tgraveslaylay2743

Michael Company has a sales budget for next month of $300,000. Cost of goods sold is expected to be 50% of sales. All units are paid for in the month following purchase. The beginning inventory is $10,000 and an ending inventory of $12,000 is desired. Beginning accounts payable is $76,000. The purchases for next month are . A) $138,000 B) $140,000 C) $150,000 D) $152,000

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