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Clare purchases a single product for $20 and sells it for $33. Forecasted sales for the next three months are July 4,300 units, August
Clare purchases a single product for $20 and sells it for $33. Forecasted sales for the next three months are July 4,300 units, August 6,400 units, September 7,600 units. Clare's policy is to have an ending inventory of 40% of the next month's sales needs on hand. July 1 inventory is projected to be 1,720 units. What are budgeted purchases in units for August? Multiple Choice 5,920 units 11,000 units 480 units 6,880 units
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