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Wallace Company provides the following data for next year Month January February March April Budgeted...

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Accounting

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Wallace Company provides the following data for next year Month January February March April Budgeted Sales $126,000 111,000 34,000 47,000 The gross profit rate is 30% of sales. In entor sales, stated at cost. at the end of December is S30 0 and target ending inventory levels are 10% of next month's What is the amount of purchases budgeted for February? $77,700 $36,180 $79,310 S97.580

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