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Skymont Company wants an ending inventory each month equal to 30% of that month's cost...

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Accounting

Skymont Company wants an ending inventory each month equal to 30% of that month's cost of goods sold. Cost of goods sold for February is projected at $45,000. Ending inventory at the end of January was $12,000. Based on this information, purchases for February would be:

$43,500.

$31,500.

$33,000.

$46,500.

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