Hugs Company has projected its sales to be Php 600,000 in January; Php 750,000 in February and Php 800,000.00 in March. Hugs wants to have 50% of next months sales needs on hand at the end of each month. If Hugs has an average cost of goods sold of 60%, what are the February purchases?

Select one:

a. 775,000

b. 465,000.00

c. 428,000

d. 310,000

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