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7) The purchasing manager for a company is attempting to determine how much inventory to purchase for the upcoming month. The following information has been

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7) The purchasing manager for a company is attempting to determine how much inventory to purchase for the upcoming month. The following information has been collected: Current inventory......$ 32,000 Budgeted cost of goods sold......$80,000 The manager wishes to end the month with ending inventory of $25,000. How much inventory must the company purchase? A) $73,000 B) $82,000 $67,000 C) D) $85,000 Answer 7)

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