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D&. Furniture, a retall store, has an average gross profit ratio of 46%. The sales forecast for the next four months follows: Management's inventory policy

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D\&. Furniture, a retall store, has an average gross profit ratio of 46%. The sales forecast for the next four months follows: Management's inventory policy is to have ending inventory equal to 310% of the cost of sales for the subsequent month, although it is estimated that the cost of inventory at February 28 will be $411,000. Required: Calculate the purchases budget, in dollars, for the months of March and April. Answer is complete but not entirely correct

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