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Coomb's Fashions forecasts sales of $135,000 for the quarter ended December 31. Its gross profit rate is 30% of sales, and its September 30 inventory

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Coomb's Fashions forecasts sales of $135,000 for the quarter ended December 31. Its gross profit rate is 30% of sales, and its September 30 inventory is $37,500. If the December 31 Inventory is targeted at $46,500, budgeted purchases for this quarter should be: Multiple Choice $40,500 $85,500 $144,000 $103,500

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