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Question 12 5 pts JT Department Store expects to generate the following sales for the...

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Accounting

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Question 12 5 pts JT Department Store expects to generate the following sales for the next three months: July August September Expected sales $460,000 $580,000 $620,000 JT's cost of goods sold is 60% of sales dollars. At the end of each month, JT wants a merchandise inventory balance equal to 20% of the following month's expected cost of goods sold. What dollar amount of merchandise inventory should JT plan to purchase in August? $257,400 $314,600 $352800 $376.800 None of the above

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