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he Foley Company purchases toy cars from a supplier for $12 each and then sells them to its customers for $25 each. The company forecasted
he Foley Company purchases toy cars from a supplier for $12 each and then sells them to its customers for $25 each. The company forecasted unit sales of
October | 2,000 |
November | 2,200 |
December | 3,400 |
Ending inventory for September was 1,200 units and the company wants budgeted ending inventory to be 20% of the following months forecasted sales. What total dollar amount would the company report in its purchases budget for November?
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