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