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Assume a merchandising company's estimated sales for Jonuary and February are $100,000 and $120,000, respectively...

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Accounting

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Assume a merchandising company's estimated sales for Jonuary and February are $100,000 and $120,000, respectively its cost of goods sold is always 40% of its sales. The compeny always maintains ending merchandise imventory equal to 10\% of next month's cost of goods sold. The companys required merchandise purchases for February are $47,600. What must be the companys estimated sales for March? Maitiple chose 5100,000 $110,000 $140,900 $130,000

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