Eleanor Barker Cosmetics ended the month of May with inventory of $25,000. Eleanor Barker expects to end

Question:

Eleanor Barker Cosmetics ended the month of May with inventory of $25,000. Eleanor Barker expects to end June with inventory of $12,000 after cost of goods sold of $102,000.

How much inventory must Eleanor Barker purchase during June in order to accomplish these results?

a. $89,000

c. $115,000

b. $114,000

d. Cannot be determined from the data given

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