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Lacy's Department Store has budgeted cost of goods sold of $42,000 for its...

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Accounting

Lacy's Department Store has budgeted cost of goods sold of $42,000 for its men's suits in March. Management also wants to have $7,500 of men's suits in inventory at the end of March to prepare for the summer season. Beginning inventory of men's suits for March is expected to be $5,500. What dollar amount of men's suits should be purchased in March?*44,00040,00055,00029,000

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