### How much are the budgeted purchases for november

Assignment Help Managerial Accounting
##### Reference no: EM13973890

1. Sam's Toys budgeted sales of \$300,000 for the month of November and cost of goods sold equal to 80% of sales. Beginning inventory for November was \$50,000 and ending inventory for November is estimated at \$55,000. How much are the budgeted purchases for November?

A) \$245,000
B) \$65,000
C) \$235,000
D) \$135,000

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