The Following Are Budgeted Data for the Bingham Corporation,a Merchandising

question 117

Multiple Choice

The following are budgeted data for the Bingham Corporation,a merchandising company: Assuming that the Bingham Corporation had inventory on hand of $70,000 (at cost) on January 1,the purchases for January (at cost) would be:

• A)$180,000
• B)$250,000
• C)$263,000
• D)$110,000

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