Preparing merchandise purchase budget

Reference no: EM13139710

Palermo Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $408,000 for April and $485,000 for May. Cost of goods sold is expected to be 64% of sales. The company's desired ending inventory is 23% of the following month's cost of goods sold. Compute the required purchases for April. (Round computations and final answer to 0 decimal places, e.g. 125.)

Reference no: EM13139710

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