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The Depp Company Has the Following Information Available

Question 57

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The Depp Company has the following information available:
The Depp Company has the following information available: The cost of goods sold rate is 65% and the desired ending inventory level is 25% of the next month's cost of sales. Required: Prepare a purchases budget for July,August and September. The cost of goods sold rate is 65% and the desired ending inventory level is 25% of the next month's cost of sales.
Required:
Prepare a purchases budget for July,August and September.

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