Question
Costco Company provides the following data for next year: Month Budgeted Sales January $126,000 February 111,000 March 134,000 April 147,000 The gross profit rate is
Costco Company provides the following data for next year:
| Month | Budgeted Sales |
| January | $126,000 |
| February | 111,000 |
| March | 134,000 |
| April | 147,000 |
The gross profit rate is 30% of sales, and target ending inventory levels for each month are 10% of the subsequent month's cost of goods sold
What is the amount of purchases budgeted for February?
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The Auditory Culture Reader
Authors: Michael Bull, Les Back
2nd Edition
1472569024, 978-1472569028
