Schedule of Required Purchases. Gino's Jeans Store has 1,000 pairs of jeans on hand as of December
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Schedule of Required Purchases. Gino's Jeans Store has 1,000 pairs of jeans on hand as of December 31.
Unit sales for the first four months of next year are projected as follows: January, 6,000 pairs: February, 8,000 pairs; March, 12,000 pairs; April, 5,000 pairs. The firm pays $20 per pair of jeans and wants ending inventory each month to equal 20 percent of sales for next month. Prepare a schedule showing the required amount of dollr purchases for each month and for the quarter.
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