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Assume a merchandising company's estimated sales for January. February, and March are $113,000,$133,000, and $123,000, respectively. Its cost of goods sold is always 30% of

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Assume a merchandising company's estimated sales for January. February, and March are $113,000,$133,000, and $123,000, respectively. Its cost of goods sold is always 30% of its sales. The company always maintains ending merchandise inventory equal to 20% of next month's cost of goods sold. What are the required merchandise purchases for January

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