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Favata Company Has the Following Information

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Favata Company has the following information:
Favata Company has the following information: In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales.Required: Prepare a purchases budget for July through September. In addition, the cost of goods sold rate is 70% and the desired inventory level is 30% of next month's cost of sales.Required:
Prepare a purchases budget for July through September.

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