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I HAVE THE ANSWER I JUST NEED HELP WITH EXPLANATION The Maeve Company buys air filters for $40 and sells them for $60 each; the
I HAVE THE ANSWER I JUST NEED HELP WITH EXPLANATION
The Maeve Company buys air filters for $40 and sells them for $60 each; the company has the following sales forecast: August 20,000 units, September 28,000 units and October 31,000 units. Ending inventory for each month should be 20% of the next month's sales. The company had 760 units on hand on August 1st. What total dollar amount would appear on the company's purchases budget for September? 1,144,000 (with margin: 0 ) Tip: A purchases budget includes the sum of the number of units expected to be sold that month minus beginning inventory plus budgeted ending inventory multiplied by the cost to purchase each unitStep by Step Solution
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