COST ACCOUNTING
FLEXIBLE BUDGETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bucks Company desires and ending inventory of P 62, 000 and a beginning inventory of P 55, 000. Gross Profit is estimated to be 25% of sales. The expected sales amounted to P 320, 000. Budgeted purchases would amount to
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P 230, 000
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P 240, 000
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P 247, 000
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P 370, 000
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Explanation:
There is 1 question to complete.