Elizabeth Baker Cosmetics ended May with inventory of ($ 20,000). Elizabeth Baker expects to end June with

Question:

Elizabeth Baker Cosmetics ended May with inventory of $\$ 20,000$. Elizabeth Baker expects to end June with inventory of $\$ 15,000$ after cost of goods sold of $\$ 90,000$. How much inventory must Elizabeth Baker purchase during June to accomplish these results?

a. $\$ 85,000$

b. $\$ 95,000$

c. $\$ 105,000$

d. Cannot be determined from the data given

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