Use the following information for questions
Sloan Company, a wholesaler, budgeted the following sales for the indicated months: All merchandise is marked up to sell at its invoice cost plus 20%.Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold.
-Merchandise purchases for July are anticipated to be
A)$1,632,000.
B)$2,076,000.
C)$1,700,000.
D)$1,730,000.

Question

Use the following information for questions 
Sloan Company, a wholesaler, budgeted the following sales for the indicated months:   All merchandise is marked up to sell at its invoice cost plus 20%.Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold.
-Merchandise purchases for July are anticipated to be
A)$1,632,000. 
B)$2,076,000. 
C)$1,700,000. 
D)$1,730,000.

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The Answer of Use the following information for questions 
Sloan Company, a wholesaler, budgeted the following sales for the indicated months:   All merchandise is marked up to sell at its invoice cost plus 20%.Merchandise inventories at the beginning of each month are at 30% of that month's projected cost of goods sold.
-Merchandise purchases for July are anticipated to be
A)$1,632,000. 
B)$2,076,000. 
C)$1,700,000. 
D)$1,730,000.

Use the Following Information for Questions