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Perry Company Has Provided the Following Information

Question 142

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Perry Company has provided the following information:
Perry Company has provided 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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