Multiple Choice
Liu Electronics budgeted sales of $400 000 for the month of November; cost of sales is equal to 65% of sales. Beginning inventory for November was $80 000 and ending inventory for November should be $72 000. How much are the budgeted purchases for November?
A) $264 800
B) $252 000
C) $254 800
D) $265 200
Correct Answer:
Verified
Correct Answer:
Verified
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