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An entity projected the following sales: Budgeted Month Sales $421000 January February 361000 March 461000 April 495000 The entity's gross profit rate is 40%. Inventory

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An entity projected the following sales: Budgeted Month Sales $421000 January February 361000 March 461000 April 495000 The entity's gross profit rate is 40%. Inventory at the end of December totaled $175178. Desired inventory levels are 30% of the next month's sales. What is the desired inventory at the end of March? Select one: a $ 59400 b. $ 148500 OC $ 89100 d. $ 55320

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