Coombs Fashions forecasts sales of $137,000 for the quarter ended December 31. Its gross profit...
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Coombs Fashions forecasts sales of $137,000 for the quarter ended December 31. Its gross profit rate is 20% of sales, and its September 30 inventory is $38,500. If the December 31 inventory is targeted at $47,500, budgeted purchases for the fourth quarter should be: A. 100600. B. 118600. C. 27400. D. 146000. E. 101100.
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