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1) KunalCorporationhadsalesof$60,000inAugust;$80,000inSeptember;$95,000in October;$115,000inNovemberand$145,000inDecember.Costofgoodssoldhas consistentlybeenat65%ofsales.Additionally,Kunalhad$45,000worthofmerchandiseat thestartofAugustandplansonhavinginventoryonhandworth20%ofnextmonth'scostof goodssold.Ifallinventorypurchasesarepurchasedandpaidforinthecurrentmonth, calculatetheamountofinventorypurchasedandpaidforinSeptember. A. $53,950 B.$64,450 C.$78,650 D.$84,150 please explain why answer is 53,950?
1) KunalCorporationhadsalesof$60,000inAugust;$80,000inSeptember;$95,000in
October;$115,000inNovemberand$145,000inDecember.Costofgoodssoldhas
consistentlybeenat65%ofsales.Additionally,Kunalhad$45,000worthofmerchandiseat
thestartofAugustandplansonhavinginventoryonhandworth20%ofnextmonth'scostof
goodssold.Ifallinventorypurchasesarepurchasedandpaidforinthecurrentmonth,
calculatetheamountofinventorypurchasedandpaidforinSeptember.
A.$53,950
B.$64,450
C.$78,650
D.$84,150
please explain why answer is 53,950?
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