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A department store has budgeted sales of 12,400 men's suits in September. Management wants to...

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Accounting

A department store has budgeted sales of 12,400 men's suits in September. Management wants to have 6,400 suits in inventory at the end of the month to prepare for the winter season. Beginning inventory for September is expected to be 4,400 suits. What is the dollar amount of the purchase of suits if each suit has a cost of $79.

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