In preparing monthly budgets, a merchandiser budgeted sales of 120 units for July and 140 units for
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In preparing monthly budgets, a merchandiser budgeted sales of 120 units for July and 140 units for August. Management wants each month's ending inventory in units to be \(60 \%\) of next month's sales units. The June 30 inventory consists of 72 units. The merchandise cost per unit is \(\$ 50\). Prepare the merchandise purchases budget for July.
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