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The Willsey Merchandise Company has budgeted $40,000 in sales for the month of December. The company's cost of goods sold is 30% of sales. If the company has budgeted to purchase $18,000 in merchandise during December, what is the budgeted change in inventory levels over the month of December?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9436071

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