Heure question COTE MC Qu. 8-40 (Static) Assume a merchandising company's estimated sales... Assume a merchandising company's estimated sales for January February, and March we $100,000 $120.000, and $110.000, respectively its cost of goods sold is always 40% of its sales. The company Blways maintains ending merchandise inventory equal to 10% of next month's cost of goods sold. What are the required merchandise purchases for January? MA 599.300 140.000 000 100