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
Correct Answer:
Verified
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