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Gyre Limited, a retailer, keeps inventory on hand at the end of each month equal to 35% of the following months sales. Given the following
Gyre Limited, a retailer, keeps inventory on hand at the end of each month equal to 35% of the following months sales. Given the following sales budget:
Dec Jan Feb Mar Sales (units) 12,000 13,500 14,200 15,100
Prepare an inventory budget for January. What should be the budgeted amount of inventory purchases (in units) for January?
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