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Perry Company Has the Following Information

Question 118

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Perry Company has the following information:
Perry Company has the following information: In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.Required: Prepare a purchases budget for April through June. In addition, the gross profit rate is 40% and the desired inventory level is 30% of next month's cost of sales.Required:
Prepare a purchases budget for April through June.

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