Danielle Company provides the following data for next year: The gross profit rate is 35% of sales. Inventory at the end of December is P29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. What is the amount of purchases budgeted for January? Danielle Company provides the following data for next year: The gross profit rate is 35% of sales. Inventory at the end of December is P29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. What is the amount of purchases budgeted for January