Assume a merchandising company's estimated sales for January, February, and March are $101,000,$121,000, and $111,000,...
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Assume a merchandising company's estimated sales for January, February, and March are $101,000,$121,000, and $111,000, respectlvely. Its cost of goods sold Is always 30% of Its sales. The company always malntains ending merchandise Inventory equal to 10% of next month's cost of goods sold. What are the required merchandise purchases for January? Multiple Choice $33,740 $30,900 $29,700 $36,300
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