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Author Question: Wallace Company provides the following data for next year: MonthBudgeted ... (Read 13 times)

debasdf

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on: Mar 6, 2021
Wallace Company provides the following data for next year:

MonthBudgeted Sales
January$126,000
February111,000
March134,000
April147,000

The gross profit rate is 30% of sales. Inventory at the end of December is $30,600 and target ending inventory levels are 10% of next month's sales, stated at cost.

What is the amount of purchases budgeted for February?
◦ $36,180
◦ $77,700
◦ $79,310
◦ $97,580
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by debasdf on Mar 6, 2021

todom5090

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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debasdf

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Reply 2 on: Mar 6, 2021
Excellent

bimper21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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