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The beginning inventory of wood toys is expected to be 9000

Question - Globetrotter Store has a budgeted sales of $48000 for its wood department in December. Management wants to have $11000 in wood inventory at the end of December. The beginning inventory of wood toys is expected to be $9000. What is the budgeted dollar amount of merchandise purchases for December?

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Accounting Basics: The beginning inventory of wood toys is expected to be 9000

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