Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 60% of sales. Beginning inventory for November was $55,000 and ending inventory for November is estimated at $54,000. How much are the budgeted purchases for November?

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The Answer of Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 60% of sales. Beginning inventory for November was $55,000 and ending inventory for November is estimated at $54,000. How much are the budgeted purchases for November?

Sam's Toys Budgeted Sales of $300,000 for the Month of November