Brill companys july sales budget calls for sales of 800000., Ask an Expert

Accounting

Brill Company's July sales budget calls for sales of $800,000. The store expects to begin July with $30,000 of inventory and to end the month with $35,000 of inventory. Gross margin is typically 40% of sales. Determine the budgeted cost of merchandise purchases for July.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M967825

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