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The Drew Company Has the Following Information Available

Question 82

Essay

The Drew Company has the following information available:
The Drew Company has the following information available: The gross profit rate is 40% and the desired ending inventory level is 20% of the next month's cost of sales. Required: Prepare a purchases budget for April,May and June. The gross profit rate is 40% and the desired ending inventory level is 20% of the next month's cost of sales.
Required:
Prepare a purchases budget for April,May and June.

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