For the coming month your company estimates sales to be $100,000 and then increase by 5% for the next two months. Assume the beginning inventory for the coming month estimated to be $20,000 and the ending inventory 20% less than beginning inventory, cost of goods sold estimation is 60% of sales, what is the estimated purchases in dollars.

Your answer should be in this form $12,311.21 (include two decimal points) and do not include formulas only the answer. ________________