Question
DawsonDawson Industries prepares budgets to help manage the company. DawsonDawson is budgeting for the fiscal year ended January 31, 2018. During the preceding year ended
DawsonDawson Industries prepares budgets to help manage the company. DawsonDawson is budgeting for the fiscal year ended January 31, 2018. During the preceding year ended January 31, 2017, sales totaled $9,600 million and cost of goods sold was $6,200 million. At January 31, 2017, inventory was $1,900 million. During the upcoming 2018 year, suppose DawsonDawson expects cost of goods sold to increase by 16%. The company budgets next year's ending inventory at $2,200 million. Read the requirement... . Dawson should purchase $ million worth of inventory during the upcoming year to reach its budget.
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