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Coronet Company provided the following information related to its inventory sales and purchases for December 2013 and the first quarter of 2014 Desired ending inventory

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Coronet Company provided the following information related to its inventory sales and purchases for December 2013 and the first quarter of 2014 Desired ending inventory levels are 27% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February 2014 would be $112, 420 $91, 400 $70, 100 $83, 900

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