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Coomb's Fashions forecasts sales of $126,000 for the quarter ended December 31. Its gross profit rate is 10% of sales, and its September 30 inventory

image text in transcribed Coomb's Fashions forecasts sales of $126,000 for the quarter ended December 31. Its gross profit rate is 10% of sales, and its September 30 inventory is $33,000. If the December 31 inventory is targeted at $42,000, budgeted purchases for this quarter should be: a. $104,400. b. $122,400. c. $135,000. d. $104,900. e. $12,600

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