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Business, 19.03.2021 04:00 gjaime1307

July August September Expected sales $490,000 $540,000 $580,000 Abet's cost of goods sold is 60% of sales dollars. At the end of each month, Abet wants a merchandise inventory balance equal to 25% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should Abet plan to purchase in August

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July August September Expected sales $490,000 $540,000 $580,000 Abet's cost of goods sold is 60% of...

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